Ondas (NASDAQ:ONDS) Trading 1.9% Higher – Here’s Why

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded up 1.9% on Monday . The stock traded as high as $9.97 and last traded at $9.51. 57,122,224 shares traded hands during trading, a decline of 32% from the average session volume of 83,449,289 shares. The stock had previously closed at $9.33.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Weiss Ratings upgraded Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 9th. Northland Securities boosted their target price on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Needham & Company LLC restated a “buy” rating and set a $23.00 target price on shares of Ondas in a research note on Tuesday, May 19th. Finally, Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Ondas presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Down 1.0%

The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 228.00 and a beta of 2.60. The company has a fifty day moving average price of $10.13 and a 200-day moving average price of $10.18.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) 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 14.17%. The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. As a group, research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at Ondas

In related news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated 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 transaction, the director owned 295,504 shares in the company, valued at $2,904,804.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,395,745 shares of company stock worth $32,109,380 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of large investors have recently added to or reduced their stakes in ONDS. NFSG Corp raised its position in Ondas by 200.0% during 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 position in Ondas during the first quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after acquiring an additional 3,063 shares during the period. IFP Advisors Inc raised its position in Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc purchased a new stake in Ondas during the 1st quarter worth approximately $35,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Company Profile

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.