Needham & Company LLC Boosts Ondas (NASDAQ:ONDS) Price Target to $17.00

Ondas (NASDAQ:ONDS) had its target price raised by equities researchers at Needham & Company LLC from $12.00 to $17.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 39.80% from the company’s previous close.

ONDS has been the topic of several other research reports. Stifel Nicolaus increased their target price on shares of Ondas from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Loop Capital set a $10.00 target price on Ondas in a research report on Wednesday, November 26th. Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research note on Friday, November 14th. HC Wainwright raised their price target on Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Lake Street Capital boosted their price objective on Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Ondas Price Performance

Shares of ONDS stock opened at $12.16 on Tuesday. The company has a market cap of $4.69 billion, a PE ratio of -30.40 and a beta of 2.40. Ondas has a 1 year low of $0.57 and a 1 year high of $15.28. The stock’s 50 day simple moving average is $9.29 and its two-hundred day simple moving average is $6.78.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $10.10 million for the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. Equities research analysts expect that Ondas will post -0.53 EPS for the current year.

Insider Transactions at Ondas

In other Ondas news, CFO Neil J. Laird sold 4,526 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $42,906.48. Following the completion of the sale, the chief financial officer directly owned 8,224 shares in the company, valued at approximately $77,963.52. This represents a 35.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randy Seidl sold 21,520 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $204,009.60. Following the transaction, the director directly owned 212,470 shares in the company, valued at $2,014,215.60. The trade was a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,406,605 shares of company stock valued at $12,109,365 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its holdings in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares in the last quarter. Wexford Capital LP purchased a new position in Ondas during the third quarter valued at approximately $67,000. HBK Sorce Advisory LLC bought a new position in Ondas in the third quarter worth approximately $77,000. SG Americas Securities LLC bought a new position in Ondas in the third quarter worth approximately $78,000. Finally, Shikiar Asset Management Inc. purchased a new stake in Ondas during the third quarter worth $85,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.