Ondas (NASDAQ:ONDS) Price Target Raised to $23.00 at Needham & Company LLC

Ondas (NASDAQ:ONDS) had its price target raised by equities research analysts at Needham & Company LLC from $17.00 to $23.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 111.01% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. HC Wainwright set a $17.00 price objective on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Weiss Ratings restated a “sell (e+)” rating on shares of Ondas in a report on Monday, December 29th. Stifel Nicolaus raised their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Lake Street Capital lifted their price target on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Oppenheimer boosted their price target on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Ondas Trading Up 8.3%

NASDAQ:ONDS opened at $10.90 on Tuesday. The company has a market cap of $4.98 billion, a P/E ratio of -27.25 and a beta of 2.47. Ondas has a twelve month low of $0.66 and a twelve month high of $15.28. The company’s 50-day moving average price is $10.78 and its 200-day moving average price is $9.09.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.35). The business had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. On average, analysts expect that Ondas will post -0.53 earnings per share for the current year.

Insider Transactions at Ondas

In other Ondas news, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 1,461,255 shares of the company’s stock, valued at $14,188,786.05. This trade represents a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Ondas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hood River Capital Management LLC purchased a new position in Ondas during the second quarter worth about $14,479,000. Van ECK Associates Corp acquired a new stake in shares of Ondas during the fourth quarter valued at about $71,202,000. Vanguard Group Inc. raised its stake in shares of Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after acquiring an additional 7,024,549 shares during the period. AWM Investment Company Inc. purchased a new stake in shares of Ondas in the 2nd quarter valued at approximately $11,123,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.