Brokerages Set Ondas Holdings Inc. (NASDAQ:ONDS) Target Price at $17.18

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.1750.

A number of equities analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. LADENBURG THALM/SH SH boosted their target price on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a research report on Monday, August 17th. Roth Capital reissued a “buy” rating on shares of Ondas in a research note on Tuesday, August 18th. Wall Street Zen downgraded Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th.

Insider Buying and Selling

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the transaction, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp bought a new position in Ondas in the 4th quarter valued at about $71,202,000. Vanguard Group Inc. raised its stake in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Ondas by 956.8% in the second quarter. California State Teachers Retirement System now owns 4,229,081 shares of the company’s stock valued at $34,848,000 after purchasing an additional 3,828,903 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Ondas during the fourth quarter valued at approximately $33,473,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Stock Up 8.1%

NASDAQ:ONDS opened at $7.61 on Thursday. Ondas has a twelve month low of $4.90 and a twelve month high of $15.28. The company has a fifty day moving average of $8.03 and a 200-day moving average of $9.32. The firm has a market capitalization of $4.35 billion, a P/E ratio of -108.71 and a beta of 2.74.

Ondas (NASDAQ:ONDS) last issued its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The company had revenue of $83.77 million for the quarter, compared to the consensus estimate of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. On average, analysts anticipate that Ondas will post -0.47 EPS for the current fiscal 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.