Shares of Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) shot up 2.5% during mid-day trading on Wednesday . The company traded as high as $9.54 and last traded at $9.36. 42,836,952 shares traded hands during trading, a decline of 49% from the average session volume of 83,707,438 shares. The stock had previously closed at $9.13.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ONDS. Glj Research set a $17.00 target price on shares of Ondas in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Northland Securities boosted their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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 1.3%
Ondas (NASDAQ:ONDS – Get Free Report) last announced its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (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. As a group, equities research analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current year.
Insider Transactions at Ondas
In other Ondas 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 transaction of $71,250.00. Following the completion of the sale, the director directly owned 264,853 shares in the company, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.
Institutional Trading of Ondas
Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in Ondas during the first quarter valued at about $28,000. Bank of America Corp DE boosted its position in Ondas by 1,443.9% during the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after buying an additional 1,313,823 shares during the period. Janus Henderson Group PLC boosted its position in Ondas by 16.8% during the first quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after buying an additional 26,500 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in Ondas during the first quarter valued at about $5,000,000. Finally, Arkadios Wealth Advisors boosted its position in Ondas by 37.3% during the first quarter. Arkadios Wealth Advisors now owns 50,912 shares of the company’s stock valued at $460,000 after buying an additional 13,821 shares during the period. 37.73% of the stock is currently owned by hedge funds and other 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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