Ondas (NASDAQ:ONDS) Shares Up 9.9% – Still a Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded up 9.9% during mid-day trading on Tuesday . The stock traded as high as $12.47 and last traded at $12.26. 92,099,803 shares traded hands during trading, a decline of 20% from the average session volume of 115,365,992 shares. The stock had previously closed at $11.16.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. HC Wainwright raised their price objective on shares of Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Oppenheimer lifted their price target on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Loop Capital set a $10.00 price objective on Ondas in a report on Wednesday, November 26th. Needham & Company LLC increased their target price on Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Northland Securities set a $16.00 target price on Ondas in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.29.

Ondas Stock Up 9.7%

The stock’s 50 day moving average is $9.89 and its 200 day moving average is $7.15. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of -30.60 and a beta of 2.40.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The business had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. Analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jaspreet K. Sood sold 29,698 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $281,537.04. Following the sale, the director owned 175,631 shares in the company, valued at $1,664,981.88. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ron Stern sold 850,000 shares of Ondas stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $7.91, for a total value of $6,723,500.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,406,605 shares of company stock valued at $12,109,365 in the last three months. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Ondas by 109.9% during the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares in the last quarter. Hood River Capital Management LLC acquired a new position in Ondas in the 2nd quarter worth about $14,479,000. AWM Investment Company Inc. acquired a new position in Ondas in the 2nd quarter worth about $11,123,000. Cresset Asset Management LLC raised its stake in shares of Ondas by 263.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,667,874 shares of the company’s stock worth $8,962,000 after purchasing an additional 3,383,629 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after buying an additional 4,247,859 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Ondas Company Profile

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.