Ondas (NASDAQ:ONDS) Shares Up 6.7% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares were up 6.7% during trading on Monday . The stock traded as high as $10.64 and last traded at $10.34. Approximately 88,069,481 shares changed hands during trading, a decline of 19% from the average daily volume of 108,485,789 shares. The stock had previously closed at $9.69.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ONDS shares. Stifel Nicolaus boosted their price objective on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Northland Securities set a $16.00 price objective on shares of Ondas in a research note on Tuesday, January 20th. Finally, Lake Street Capital upped their target price on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.29.

Ondas Stock Performance

The stock’s 50 day moving average is $10.42 and its two-hundred day moving average is $7.68.

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

Insider Activity

In related news, Director Randy Seidl sold 21,520 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $204,009.60. Following the transaction, the director owned 212,470 shares of the company’s stock, valued at $2,014,215.60. This represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the sale, the chief executive officer owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently added to or reduced their stakes in ONDS. Goldman Sachs Group Inc. increased its stake in Ondas by 444.4% in the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after purchasing an additional 91,732 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ondas in the 2nd quarter valued at $151,000. Penbrook Management LLC purchased a new position in shares of Ondas in the 2nd quarter valued at $35,000. Wealthspan Partners LLC raised its stake in Ondas by 168.7% during the 2nd quarter. Wealthspan Partners LLC now owns 54,000 shares of the company’s stock worth $104,000 after acquiring an additional 33,900 shares in the last quarter. Finally, Huntleigh Advisors Inc. purchased a new stake in Ondas in the second quarter valued at $1,489,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.