Ondas (NASDAQ:ONDS) Trading 9% Higher on Analyst Upgrade

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was up 9% during mid-day trading on Tuesday after Needham & Company LLC raised their price target on the stock from $12.00 to $17.00. Needham & Company LLC currently has a buy rating on the stock. Ondas traded as high as $13.35 and last traded at $13.2540. Approximately 35,530,497 shares changed hands during trading, a decline of 68% from the average daily volume of 110,741,414 shares. The stock had previously closed at $12.16.

Other equities analysts also recently issued research reports about the stock. Loop Capital set a $10.00 price objective on shares of Ondas in a research note on Wednesday, November 26th. Lake Street Capital increased their price target on Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. HC Wainwright lifted their price objective on Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. Finally, LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.17.

Insider Activity at Ondas

In other news, Director Jaspreet K. Sood sold 29,698 shares of the company’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 $281,537.04. Following the completion of the sale, the director directly owned 175,631 shares in the company, valued at $1,664,981.88. This represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric A. Brock sold 475,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the transaction, the chief executive officer directly owned 1,461,255 shares in the company, valued at $14,188,786.05. This trade represents a 24.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,406,605 shares of company stock worth $12,109,365. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Ondas

Institutional investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares in the last quarter. RiverGlades Family Offices LLC lifted its position in Ondas by 54.0% during the third quarter. RiverGlades Family Offices LLC now owns 15,400 shares of the company’s stock valued at $119,000 after buying an additional 5,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Ondas by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 196,253 shares of the company’s stock worth $1,915,000 after buying an additional 6,302 shares during the period. SG Americas Securities LLC increased its position in shares of Ondas by 82.0% in the fourth quarter. SG Americas Securities LLC now owns 18,395 shares of the company’s stock worth $180,000 after acquiring an additional 8,290 shares in the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Ondas in the 3rd quarter valued at $67,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Trading Up 10.0%

The firm has a market cap of $5.16 billion, a PE ratio of -33.14 and a beta of 2.40. The stock’s 50 day moving average price is $9.29 and its 200 day moving average price is $6.78.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. Analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current 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.