Needham & Company LLC Has Lowered Expectations for Ondas (NASDAQ:ONDS) Stock Price

Ondas (NASDAQ:ONDS) had its price objective decreased by equities researchers at Needham & Company LLC from $19.00 to $14.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective points to a potential upside of 163.16% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ondas in a research note on Monday, November 2nd. Oppenheimer lifted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Citigroup reiterated a “market outperform” rating on shares of Ondas in a research report on Monday, October 19th. Roth Capital reissued a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Finally, The Goldman Sachs Group upgraded shares of Ondas to a “buy” rating in a report on Monday, November 2nd. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ondas currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.43.

Ondas Stock Down 7.2%

Shares of NASDAQ ONDS opened at $5.32 on Friday. Ondas has a 52-week low of $4.38 and a 52-week high of $15.28. The firm’s 50-day moving average price is $6.72 and its 200-day moving average price is $8.75.

Ondas (NASDAQ:ONDS) last announced its earnings results on Thursday, November 12th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $167.49 million during the quarter, compared to analyst estimates of $148.04 million. As a group, equities research analysts forecast that Ondas will post -0.47 EPS for the current year.

Insider Transactions at Ondas

In other Ondas news, Director Richard M. 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 completion of the sale, the director directly owned 261,836 shares of the company’s stock, valued at $2,346,050.56. The trade was a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Neil J. Laird sold 4,952 shares of the company’s 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 transaction, the chief financial officer owned 42,246 shares in the company, valued at $326,984.04. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.67% of the company’s stock.

Institutional Trading of Ondas

A number of large investors have recently modified their holdings of the company. Voya Investment Management LLC grew its stake in Ondas by 183.7% in the third quarter. Voya Investment Management LLC now owns 6,612,440 shares of the company’s stock worth $48,469,000 after purchasing an additional 4,281,842 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Ondas during the 2nd quarter valued at $13,158,000. Bank of America Corp DE lifted its holdings in shares of Ondas by 1,443.9% in the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after buying an additional 1,313,823 shares during the period. RFG Advisory LLC lifted its holdings in shares of Ondas by 57.0% in the 2nd quarter. RFG Advisory LLC now owns 2,787,202 shares of the company’s stock worth $22,967,000 after buying an additional 1,012,353 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Ondas in the 1st quarter worth $5,000,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Latest Ondas News

Here’s some of the latest news about ONDS:

• Positive Sentiment: The company raised its 2026 revenue forecast to $550 million, above the $536.5 million consensus estimate, and CEO commentary pointed to accelerating Q4 momentum. Article: Ondas CEO Sees Q4 Momentum Accelerating
• Positive Sentiment: Management now expects adjusted EBITDA break-even a quarter earlier in 2027, improving the near-term profitability timeline. Article: Drone Maker Ondas Updates Its Profitability Forecast
• Negative Sentiment: Commentary questioning whether ONDS already reflects too much earnings optimism may limit enthusiasm if future execution falls short of elevated expectations. Article: Is Ondas Pricing In Too Much Earnings Hope?

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.