Ondas (NASDAQ:ONDS) Price Target Raised to $22.75

Ondas (NASDAQ:ONDS) had its target price upped by LADENBURG THALM/SH SH from $21.50 to $22.75 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

ONDS has been the topic of a number of other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of Ondas in a research report on Friday, August 14th. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Oppenheimer raised their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen downgraded shares of Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Eight 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. Based on data from MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Stock Performance

NASDAQ ONDS opened at $8.90 on Monday. The company has a market capitalization of $5.08 billion, a PE ratio of -127.14 and a beta of 2.72. The business’s fifty day moving average is $8.22 and its 200 day moving average is $9.45. Ondas has a fifty-two week low of $3.20 and a fifty-two week high of $15.28.

Ondas (NASDAQ:ONDS) last released its quarterly 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 net margin of 93.55% and a negative return on equity of 14.20%. On average, sell-side analysts forecast that Ondas will post -0.33 EPS for the current year.

Insider Activity at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.67% of the stock is owned by insiders.

Institutional Trading of Ondas

Several institutional investors have recently made changes to their positions in ONDS. NFSG Corp lifted its holdings in Ondas by 200.0% in 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 in the last quarter. Western Wealth Management LLC bought a new position in Ondas in the 1st quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its holdings in Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after buying an additional 3,063 shares in the last quarter. IFP Advisors Inc raised its position in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in shares of Ondas in the first quarter worth $35,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

About Ondas

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.