Ondas’ (ONDS) Buy Rating Reiterated at Needham & Company LLC

Ondas (NASDAQ:ONDSGet Free Report)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They currently have a $23.00 price objective on the stock. Needham & Company LLC’s price target would indicate a potential upside of 137.11% from the company’s current price.

Other equities analysts also recently issued research reports about the company. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus boosted their price objective on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Glj Research set a $17.00 price objective on shares of Ondas in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research lowered shares of Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Ondas presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Get Our Latest Stock Analysis on Ondas

Ondas Stock Performance

Shares of Ondas stock opened at $9.70 on Tuesday. The stock has a market cap of $4.75 billion, a PE ratio of 242.50 and a beta of 2.56. The business has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $9.60. The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. Ondas has a 12 month low of $0.83 and a 12 month high of $15.28.

Ondas (NASDAQ:ONDSGet Free Report) last posted its quarterly earnings results 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). Ondas had a net margin of 247.85% and a negative return on equity of 21.85%. The business had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. On average, sell-side analysts anticipate that Ondas will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Ondas

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp bought a new position in Ondas during the fourth quarter valued at approximately $71,202,000. Vanguard Group Inc. grew its position in Ondas by 109.9% in the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after acquiring an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Ondas during the 4th quarter worth $33,473,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after purchasing an additional 3,429,398 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.

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Ondas Company Profile

(Get Free Report)

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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