Analysts Set Ondas Holdings Inc. (NASDAQ:ONDS) PT at $17.18

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.1750.

Several research analysts have weighed in on ONDS shares. Roth Capital restated a “buy” rating on shares of Ondas in a research note on Tuesday, August 18th. Needham & Company LLC restated a “buy” rating and set a $19.00 target price on shares of Ondas in a research report on Monday, September 14th. LADENBURG THALM/SH SH lifted their price target on shares of Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a report on Monday, August 17th. Oppenheimer increased their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Wall Street Zen lowered Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th.

Insider Buying and Selling at Ondas

In other Ondas news, Director Richard Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the sale, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ondas

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its holdings in 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 worth $33,832,000 after purchasing an additional 3,429,398 shares during the period. RFG Advisory LLC lifted its holdings in shares of Ondas by 57.0% in the 2nd quarter. RFG Advisory LLC now owns 2,787,202 shares of the company’s stock worth $22,967,000 after buying an additional 1,012,353 shares during the period. Legal & General Group Plc bought a new position in shares of Ondas during the 4th quarter worth $14,215,000. Bank of New York Mellon Corp purchased a new position in shares of Ondas during the second quarter valued at $13,158,000. Finally, Bank of America Corp DE lifted its stake in Ondas by 1,443.9% in the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after acquiring an additional 1,313,823 shares during the period. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Stock Performance

Shares of NASDAQ:ONDS opened at $7.40 on Monday. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of -105.71 and a beta of 2.74. The stock’s 50-day simple moving average is $7.98 and its two-hundred day simple moving average is $9.02. Ondas has a 52-week low of $4.95 and a 52-week high of $15.28.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a negative return on equity of 14.20% and a net margin of 93.55%.The company had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $67.97 million. As a group, equities analysts forecast that Ondas will post -0.47 earnings per share for the current fiscal year.

About Ondas

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous systems and private wireless network technologies for industrial, government and critical-infrastructure applications. Its businesses are focused on collecting and transmitting data in environments where conventional communications or manually operated systems may be limited.

Through its autonomous systems activities, including American Robotics and other related platforms, Ondas provides autonomous drone solutions for applications such as agriculture, infrastructure inspection, public safety and security.