Ondas (NASDAQ:ONDS – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.
Other analysts have also recently issued reports about the company. Northland Securities boosted their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Needham & Company LLC restated a “buy” rating and issued a $23.00 target price on shares of Ondas in a report on Tuesday, May 19th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a report on Sunday. Finally, LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.
Read Our Latest Analysis on Ondas
Ondas Stock Performance
Ondas (NASDAQ:ONDS – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. On average, analysts predict that Ondas will post -0.28 earnings per share for the current year.
Insider Buying and Selling at Ondas
In related news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the transaction, the director directly owned 264,853 shares in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Ondas
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Beaird Harris Wealth Management LLC boosted its holdings in Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after acquiring an additional 1,000 shares during the period. State of Wyoming boosted its stake in shares of Ondas by 31.5% in the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after buying an additional 1,631 shares during the period. Avion Wealth boosted its stake in shares of Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after buying an additional 2,000 shares during the period. NFSG Corp boosted its stake in shares of Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the period. Finally, IFP Advisors Inc boosted its stake 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 buying an additional 2,892 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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