Ondas Holdings Inc. (NASDAQ:ONDS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.6667.

ONDS has been the topic of a number of research analyst reports. Lake Street Capital boosted their price target on shares of Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Needham & Company LLC lifted their price objective on shares of Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Ondas in a research note on Tuesday, November 25th. Oppenheimer upgraded Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Friday, November 14th. Finally, HC Wainwright began coverage on Ondas in a report on Monday, October 6th. They set a “buy” rating and a $12.00 price objective for the company.

Ondas Stock Down 4.1%

ONDS stock opened at $7.58 on Tuesday. The firm has a market cap of $2.79 billion, a PE ratio of -18.95 and a beta of 2.42. The business has a 50 day moving average of $7.72 and a 200-day moving average of $4.63. Ondas has a 12-month low of $0.57 and a 12-month high of $11.70.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $10.10 million for the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%. Ondas has set its FY 2025 guidance at EPS. On average, research analysts expect that Ondas will post -0.53 earnings per share for the current year.

Insider Buying and Selling

In other Ondas news, Director Ron Stern sold 850,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $7.91, for a total transaction of $6,723,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wexford Capital LP purchased a new stake in Ondas during the 3rd quarter worth about $67,000. HBK Sorce Advisory LLC bought a new stake in shares of Ondas during the third quarter valued at about $77,000. SG Americas Securities LLC purchased a new stake in shares of Ondas in the third quarter worth about $78,000. Shikiar Asset Management Inc. bought a new position in shares of Ondas in the third quarter valued at approximately $85,000. Finally, Busey Bank bought a new position in shares of Ondas in the third quarter valued at approximately $88,000. 37.73% of the stock is currently owned by institutional investors.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.