Ondas (NASDAQ:ONDS) Price Target Raised to $17.00 at Needham & Company LLC

Ondas (NASDAQ:ONDS) had its target price lifted by Needham & Company LLC from $12.00 to $17.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on ONDS. HC Wainwright upped their target price on shares of Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Stifel Nicolaus raised their target price on Ondas from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Oppenheimer upgraded Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Friday, November 14th. Finally, Zacks Research downgraded Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.14.

Ondas Price Performance

NASDAQ:ONDS opened at $13.13 on Tuesday. The business’s 50-day moving average is $9.43 and its two-hundred day moving average is $6.86. The firm has a market capitalization of $5.07 billion, a PE ratio of -32.83 and a beta of 2.40. Ondas has a 12 month low of $0.57 and a 12 month high of $15.28.

Ondas (NASDAQ:ONDS) last posted its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. Equities analysts anticipate that Ondas will post -0.53 EPS for the current year.

Insider Activity

In other news, CEO Eric A. Brock sold 475,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the transaction, the chief executive officer directly owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil J. Laird sold 4,526 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $42,906.48. Following the sale, the chief financial officer owned 8,224 shares in the company, valued at $77,963.52. The trade was a 35.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,406,605 shares of company stock valued at $12,109,365 over the last quarter. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ondas

Several large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of Ondas by 154.9% during the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after acquiring an additional 9,904 shares during the period. IFP Advisors Inc lifted its holdings in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the period. Penbrook Management LLC bought a new stake in Ondas in the second quarter worth about $35,000. Exencial Wealth Advisors LLC acquired a new stake in Ondas in the 2nd quarter valued at about $36,000. Finally, Trivium Point Advisory LLC bought a new position in shares of Ondas during the 2nd quarter valued at about $38,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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.