Ondas Holdings Inc. (ONDS) – What Are Analysts Thinking About This Stock?

Ondas Holdings Inc. (NASDAQ:ONDS) has received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.89.

Several brokerages have recently weighed in on ONDS. Weiss Ratings downgraded Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Oppenheimer raised their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Ondas in a research note on Monday, September 14th. Roth Capital reaffirmed a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th.

Ondas Stock Up 3.4%

ONDS stock opened at $6.35 on Friday. The business has a 50 day moving average of $7.77 and a 200 day moving average of $8.67. The firm has a market cap of $3.70 billion, a PE ratio of -90.71 and a beta of 2.92. Ondas has a twelve month low of $4.95 and a twelve month high of $15.28.

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

Insider Activity at Ondas

In related news, Director Richard Cohen sold 7,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 261,836 shares of the company’s stock, valued at $2,346,050.56. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Neil Laird sold 4,952 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $326,984.04. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ONDS. Salem Investment Counselors Inc. bought a new stake in Ondas in the 3rd quarter worth about $3,075,000. CI Investments Inc. purchased a new stake in shares of Ondas during the 1st quarter valued at about $4,255,000. The Manufacturers Life Insurance Company grew its stake in shares of Ondas by 664.0% in the first quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock worth $1,171,000 after acquiring an additional 112,534 shares during the period. Royal Bank of Canada grew its stake in shares of Ondas by 160.1% in the first quarter. Royal Bank of Canada now owns 384,656 shares of the company’s stock worth $3,477,000 after acquiring an additional 236,782 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Ondas during the first quarter valued at approximately $5,000,000. 37.73% of the stock is owned by institutional investors.

Ondas Company Profile

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous drone systems and private wireless networking solutions for industrial, government and critical-infrastructure applications. Its technologies are designed to support remote monitoring, inspection, security, public safety and other operations that require persistent data collection and reliable communications.

Through its subsidiaries, including American Robotics and Ondas Networks, the company offers autonomous drone platforms, command-and-control software, aerial intelligence solutions and industrial-grade wireless networks.