Ondas (NASDAQ:ONDS) Trading Up 7.8% on Analyst Upgrade

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price traded up 7.8% on Tuesday after Weiss Ratings upgraded the stock from a sell (d-) rating to a sell (d+) rating. The company traded as high as $10.26 and last traded at $9.77. 82,319,636 shares traded hands during trading, a decline of 1% from the average session volume of 83,176,211 shares. The stock had previously closed at $9.06.

A number of other analysts have also recently weighed in on the company. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research report on Sunday. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday. Glj Research set a $17.00 price objective on Ondas in a research note on Tuesday, March 10th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Insider Activity at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the transaction, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Ondas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NFSG Corp raised its position in shares of Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Ondas during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares during the period. IFP Advisors Inc increased 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 purchasing an additional 2,892 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in Ondas in the 1st quarter worth about $35,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Stock Up 22.7%

The business has a fifty day moving average of $9.81 and a two-hundred day moving average of $9.77.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The business 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%. Analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

About Ondas

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.