Ondas (NASDAQ:ONDS) Given New $14.00 Price Target at Lake Street Capital

Ondas (NASDAQ:ONDS) had its price target lowered by Lake Street Capital from $19.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Needham & Company LLC cut their price objective on shares of Ondas from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen lowered shares of Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Rothschild & Co Redburn set a $14.00 target price on shares of Ondas in a research note on Friday. Citizens Jmp began coverage on shares of Ondas in a research report on Monday, October 5th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Citigroup reissued a “market outperform” rating on shares of Ondas in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.81.

Ondas Price Performance

NASDAQ ONDS traded down $0.16 on Friday, hitting $5.16. The stock had a trading volume of 49,376,014 shares, compared to its average volume of 44,381,684. The business’s fifty day moving average price is $6.67 and its 200 day moving average price is $8.71. Ondas has a 52-week low of $4.38 and a 52-week high of $15.28. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -36.86 and a beta of 3.10.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.03. Ondas had a negative return on equity of 21.90% and a net margin of 32.91%. The business had revenue of $167.49 million for the quarter, compared to the consensus estimate of $148.04 million. As a group, sell-side analysts anticipate that Ondas will post -0.47 EPS for the current year.

Insider Transactions at Ondas

In other Ondas news, CFO Neil Laird sold 4,952 shares of Ondas stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $7.74, for a total transaction of $38,328.48. Following the completion of the sale, the chief financial officer owned 42,246 shares of the company’s stock, valued at approximately $326,984.04. The trade was a 10.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Cohen sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total value of $67,200.00. Following the sale, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Ondas

A number of large investors have recently bought and sold shares of ONDS. State of Wyoming boosted its position in Ondas by 31.5% in the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after purchasing an additional 1,631 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Ondas by 5.5% during the 3rd quarter. Wedbush Securities Inc. now owns 36,250 shares of the company’s stock worth $266,000 after purchasing an additional 1,900 shares during the period. NFSG Corp grew its stake in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the period. Steadtrust LLC grew its stake in shares of Ondas by 10.3% during the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after purchasing an additional 2,000 shares during the period. Finally, Flputnam Investment Management Co. grew its stake in shares of Ondas by 15.8% during the 3rd quarter. Flputnam Investment Management Co. now owns 17,405 shares of the company’s stock worth $128,000 after purchasing an additional 2,380 shares during the period. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Key Ondas News

These are some of the ONDS news items that stood out recently:

• Positive Sentiment: Third-quarter revenue reached a record $167.5 million, more than 16 times the year-ago level and above analyst expectations of $148.0 million. The company also reported a $835 million backlog, citing strong bookings and defense demand. Q3 revenue and outlook
• Neutral Sentiment: Needham and Lake Street lowered their price targets from $19 to $14 but maintained Buy ratings, reflecting reduced targets alongside continued optimism about potential upside. Needham rating Lake Street rating
• Negative Sentiment: The quarterly loss widened year over year, while production expansion is weighing on margins. Investors also face execution risks, including converting the large backlog into revenue and integrating acquisitions. These concerns may help explain why strong sales growth has not translated into confidence about near-term profitability. Q3 results and margin pressure

Ondas Company Profile

Ondas Holdings is a technology company that develops private wireless networks and autonomous systems for industrial, government and security applications. Its businesses include Ondas Networks and Ondas Autonomous Systems. Ondas Networks provides private broadband wireless solutions for mission-critical communications. Its FullMAX platform is designed to support applications such as rail communications and industrial data networks. Ondas Autonomous Systems develops autonomous drone and counter-drone technologies, including systems for infrastructure inspection, security and public safety.