Ondas Holdings Inc. (NASDAQ:ONDS) Given Average Recommendation of “Moderate Buy” by Brokerages

Ondas Holdings Inc. (NASDAQ:ONDS) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $17.25.

Several equities research analysts have issued reports on the company. Lake Street Capital raised their price target on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Needham & Company LLC lifted their target price on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Stifel Nicolaus lifted 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. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. Finally, Zacks Research downgraded Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th.

Institutional Investors Weigh In On Ondas

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after buying an additional 5,351,725 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Ondas during the fourth quarter worth $71,202,000. State Street Corp lifted its holdings in shares of Ondas by 130.2% during the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after buying an additional 2,920,071 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after buying an additional 4,247,859 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after buying an additional 774,862 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Trading Up 5.8%

Shares of Ondas stock opened at $10.04 on Friday. The business has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $9.48. Ondas has a 1 year low of $0.73 and a 1 year high of $15.28. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -14.99 and a beta of 2.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative net margin of 270.37% and a negative return on equity of 53.14%. The business had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. Research analysts forecast that Ondas will post -0.28 EPS for the current year.

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.