Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) shares were down 4% during trading on Tuesday . The company traded as low as $8.50 and last traded at $8.53. 44,772,440 shares traded hands during trading, a decline of 45% from the average session volume of 82,134,289 shares. The stock had previously closed at $8.89.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ONDS. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 9th. Needham & Company LLC reissued a “buy” rating and set a $23.00 target price on shares of Ondas in a research note on Tuesday, May 19th. Finally, Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ondas presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.
Get Our Latest Research Report on Ondas
Ondas Stock Down 4.0%
Ondas (NASDAQ:ONDS – Get Free Report) last issued its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The firm had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, research analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.
Insider Activity at Ondas
In related news, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated 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 directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randy Seidl sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,395,745 shares of company stock worth $32,109,380 over the last three months. 1.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Ondas
Hedge funds and other institutional investors have recently modified their holdings of the business. NFSG Corp raised its stake in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares in the last quarter. Western Wealth Management LLC bought a new stake in Ondas during the 1st quarter valued at $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares during the period. IFP Advisors Inc increased 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 acquiring an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc bought a new position in shares of Ondas in the 1st quarter worth $35,000. 37.73% of the stock is currently owned by institutional investors.
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.
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