Ondas (NASDAQ:ONDS) Stock Price Up 9% Following Analyst Upgrade

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price shot up 9% during trading on Tuesday after Lake Street Capital raised their price target on the stock from $10.00 to $19.00. Lake Street Capital currently has a buy rating on the stock. Ondas traded as high as $13.35 and last traded at $13.2540. 35,530,497 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 110,741,414 shares. The stock had previously closed at $12.16.

Several other research firms have also issued reports on ONDS. Zacks Research lowered Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Oppenheimer boosted their price target on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stifel Nicolaus increased their price target on shares of Ondas from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Loop Capital set a $10.00 price objective on shares of Ondas in a research note on Wednesday, November 26th. Finally, HC Wainwright lifted their price objective on shares of Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.14.

Insiders Place Their Bets

In other news, CEO Eric A. Brock sold 475,000 shares of Ondas stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the sale, the chief executive officer directly owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. The trade was a 24.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Cohen sold 25,861 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $245,162.28. Following the transaction, the director owned 197,746 shares of the company’s stock, valued at approximately $1,874,632.08. The trade was a 11.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,406,605 shares of company stock worth $12,109,365. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in Ondas during the second quarter worth approximately $705,000. Arkadios Wealth Advisors acquired a new stake in shares of Ondas in the second quarter valued at approximately $144,000. XTX Topco Ltd grew its position in shares of Ondas by 2,796.2% during the second quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock worth $1,639,000 after acquiring an additional 824,096 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Ondas by 444.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after acquiring an additional 91,732 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ondas in the 2nd quarter valued at $151,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Stock Performance

The stock has a market cap of $5.07 billion, a PE ratio of -32.83 and a beta of 2.40. The firm’s 50-day moving average is $9.43 and its 200 day moving average is $6.86.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The business had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. On average, sell-side analysts predict that Ondas Holdings Inc. will post -0.53 EPS 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.