Ondas (NASDAQ:ONDS) Stock Price Up 1.6% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price rose 1.6% during trading on Thursday . The company traded as high as $9.46 and last traded at $9.27. 63,147,582 shares were traded during mid-day trading, a decline of 24% from the average session volume of 82,705,047 shares. The stock had previously closed at $9.12.

Analysts Set New Price Targets

Several analysts have issued reports on ONDS shares. HC Wainwright set a $17.00 target price on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Northland Securities raised 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. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Glj Research set a $17.00 price objective on Ondas in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Price Performance

The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 232.50 and a beta of 2.60. The firm’s fifty day moving average is $10.13 and its 200 day moving average is $10.18.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data 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 company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. Equities research analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction dated 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 owned 295,504 shares in the company, valued at $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Ondas

A number of hedge funds and other institutional investors have recently made changes to their positions in ONDS. Empowered Funds LLC acquired a new stake in shares of Ondas during the 1st quarter valued at about $126,000. Militia Capital Management LLC acquired a new position in Ondas in the first quarter worth approximately $212,000. Western Wealth Management LLC acquired a new position in Ondas in the first quarter worth approximately $28,000. Bank of America Corp DE raised 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 acquiring an additional 1,313,823 shares in the last quarter. Finally, Janus Henderson Group PLC raised 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 acquiring an additional 26,500 shares in the last quarter. 37.73% of the stock is 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.