Ondas (NASDAQ:ONDS) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Ondas (NASDAQ:ONDS) from a hold rating to a sell rating in a report published on Saturday morning.

A number of other equities research analysts have also issued reports on the stock. Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. Northland Securities increased their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Oppenheimer upped their price target on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. One equities 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

NASDAQ:ONDS opened at $8.15 on Friday. The firm has a market cap of $3.73 billion, a PE ratio of -12.16 and a beta of 2.47. Ondas has a fifty-two week low of $0.66 and a fifty-two week high of $15.28. The business has a 50 day moving average price of $10.44 and a 200-day moving average price of $9.22.

Ondas (NASDAQ:ONDS) last issued 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 69.00% and a negative net margin of 270.37%.The firm had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. Research analysts predict that Ondas will post -0.53 EPS for the current year.

Insider Buying and Selling

In other Ondas news, CEO Eric A. Brock sold 475,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the transaction, the chief executive officer directly owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after buying an additional 2,892 shares in the last quarter. Avion Wealth boosted its position in Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after acquiring an additional 3,063 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Ondas by 1,005.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock worth $43,000 after acquiring an additional 4,000 shares during the period. Finally, American Capital Advisory LLC raised its position in shares of Ondas by 4,600.0% in the 4th quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock worth $46,000 after acquiring an additional 4,600 shares in the last quarter. 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.