Ondas (NASDAQ:ONDS) Now Covered by Citizens Jmp

Citizens Jmp began coverage on shares of Ondas (NASDAQ:ONDS) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage issued a market outperform rating and a $14.00 target price on the stock.

Several other equities research analysts have also recently weighed in on ONDS. Citigroup started coverage on Ondas in a research report on Monday. They set a “market outperform” rating on the stock. Oppenheimer boosted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Roth Capital reiterated a “buy” rating on shares of Ondas in a research note on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.89.

Ondas Stock Performance

Shares of NASDAQ ONDS opened at $7.42 on Monday. The stock has a market cap of $4.32 billion, a PE ratio of -106.00 and a beta of 2.92. Ondas has a fifty-two week low of $4.95 and a fifty-two week high of $15.28. The stock has a fifty day moving average of $7.98 and a 200-day moving average of $8.87.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $67.97 million. On average, sell-side analysts predict that Ondas will post -0.47 EPS for the current year.

Insider Buying and Selling

In other news, CFO Neil J. Laird sold 4,952 shares of the stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $7.74, for a total value of $38,328.48. Following the transaction, the chief financial officer owned 42,246 shares of the company’s stock, valued at $326,984.04. This represents a 10.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. The trade was a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. Beaird Harris Wealth Management LLC boosted its stake in shares of Ondas by 3.8% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after purchasing an additional 1,000 shares in the last quarter. State of Wyoming raised its position in Ondas by 31.5% in the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after purchasing an additional 1,631 shares during the period. NFSG Corp raised its position in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the period. Steadtrust LLC lifted its stake in Ondas by 10.3% in the second quarter. Steadtrust LLC now owns 21,473 shares of the company’s stock worth $177,000 after purchasing an additional 2,000 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: $56 million European defense order: Ondas announced an order for Electronic Safe & Arm Devices (ESADs) supporting a European loitering-munition program. The contract expands its role in precision weapons and is the first ESAD order since the GATE Technologies and Bron Technologies acquisitions. Production will be supported by the company’s operations in Poland. Ondas Receives $56 Million Order in Precision Strike Business
• Positive Sentiment: New bullish analyst coverage: Citizens JMP initiated coverage with a “Market Outperform” rating and a $14 price target, implying approximately 89% upside from the referenced $7.42 share price. The call identifies Ondas as a dynamic participant in the growing defense-drone and precision-weapons markets. Citizens Initiates Coverage of Ondas at Market Outperform
• Neutral Sentiment: Short-interest potential: Ondas has been highlighted as a possible short-squeeze candidate. Heavy short interest can amplify gains when positive news arrives, but it also signals elevated volatility and continued skepticism among investors. Short-Squeeze Candidates Article
• Negative Sentiment: Execution and financial risks remain: Ondas has recently reported a quarterly EPS miss and continues to operate at a loss. The stock also remains below its 50-day and 200-day moving averages, indicating that the contract and analyst upgrade must be followed by successful delivery and sustained revenue growth to support a lasting recovery.

Ondas Company Profile

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous drone systems and private wireless networking solutions for industrial, government and critical-infrastructure applications. Its technologies are designed to support remote monitoring, inspection, security, public safety and other operations that require persistent data collection and reliable communications.

Through its subsidiaries, including American Robotics and Ondas Networks, the company offers autonomous drone platforms, command-and-control software, aerial intelligence solutions and industrial-grade wireless networks.