Ondas (NASDAQ:ONDS) Given New $10.00 Price Target at Needham & Company LLC

Ondas (NASDAQ:ONDS) had its price target boosted by Needham & Company LLC from $9.00 to $10.00 in a research note released on Thursday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other brokerages have also weighed in on ONDS. Zacks Research raised Ondas from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Lake Street Capital increased their target price on Ondas from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. HC Wainwright began coverage on Ondas in a report on Monday, October 6th. They issued a “buy” rating and a $12.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.20.

Ondas Trading Up 9.5%

Shares of NASDAQ ONDS traded up $0.62 during trading on Thursday, reaching $7.18. The company had a trading volume of 183,655,398 shares, compared to its average volume of 28,434,512. Ondas has a twelve month low of $0.57 and a twelve month high of $11.70. The stock has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $4.01. The stock has a market capitalization of $2.64 billion, a PE ratio of -13.81 and a beta of 2.43.

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 300.11% and a negative return on equity of 130.48%. The company had revenue of $10.10 million for the quarter, compared to analyst estimates of $7.04 million. Ondas has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Ondas will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. HBK Sorce Advisory LLC purchased a new position in shares of Ondas in the third quarter valued at $77,000. SG Americas Securities LLC acquired a new position in Ondas in the 3rd quarter worth $78,000. Shikiar Asset Management Inc. acquired a new stake in shares of Ondas during the third quarter valued at about $85,000. Busey Bank purchased a new stake in shares of Ondas during the third quarter worth about $88,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Ondas in the third quarter valued at about $90,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Ondas Company Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.