Ondas (NASDAQ:ONDS) Shares Gap Up – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $12.26, but opened at $12.98. Ondas shares last traded at $12.4320, with a volume of 45,593,500 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on ONDS. Stifel Nicolaus upped their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. HC Wainwright raised their price objective on Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Zacks Research lowered shares of Ondas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Needham & Company LLC lifted their price objective on shares of Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Lake Street Capital upped their target price on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ondas currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Stock Up 1.8%

The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of -31.27 and a beta of 2.40. The business’s 50-day moving average is $9.98 and its two-hundred day moving average is $7.22.

Ondas (NASDAQ:ONDS) last released its 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). The business had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $7.04 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%. As a group, analysts forecast that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Insider Transactions at Ondas

In related news, Director Ron Stern sold 850,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total value of $6,723,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Cohen sold 25,861 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the completion of the transaction, the director directly owned 197,746 shares in the company, valued at $1,874,632.08. The trade was a 11.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,406,605 shares of company stock valued at $12,109,365 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its holdings in shares of Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after purchasing an additional 9,904 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares in the last quarter. Penbrook Management LLC purchased a new stake in shares of Ondas during the second quarter worth $35,000. Exencial Wealth Advisors LLC acquired a new stake in shares of Ondas in the second quarter valued at $36,000. Finally, Trivium Point Advisory LLC acquired a new position in Ondas during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

About Ondas

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.