Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) was down 12.9% during mid-day trading on Friday . The company traded as low as $10.33 and last traded at $10.43. Approximately 63,205,110 shares changed hands during trading, a decline of 26% from the average daily volume of 85,238,391 shares. The stock had previously closed at $11.97.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on ONDS shares. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings upgraded Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Glj Research set a $17.00 price objective on Ondas in a report on Tuesday, March 10th. Finally, Northland Securities boosted their target price on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ondas presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.
Read Our Latest Stock Report on Ondas
Ondas Stock Down 12.9%
Ondas (NASDAQ:ONDS – Get Free Report) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The company had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.
Insiders Place Their Bets
In other Ondas news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. The trade was a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 in the last ninety days. Company insiders own 1.60% of the company’s stock.
Institutional Investors Weigh In On Ondas
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Ondas in the fourth quarter worth about $71,202,000. State Street Corp increased its holdings in Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after purchasing an additional 2,920,071 shares during the period. Two Sigma Investments LP increased its holdings in Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after purchasing an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC raised its position in Ondas by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after purchasing an additional 774,862 shares during the last quarter. 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.
See Also
- Five stocks we like better than Ondas
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Ondas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ondas and related companies with MarketBeat.com's FREE daily email newsletter.
