Brokerages Set Ondas Holdings Inc. (NASDAQ:ONDS) Target Price at $17.25

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.25.

A number of research firms recently issued reports on ONDS. Northland Securities raised their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Stifel Nicolaus increased 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. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Oppenheimer raised their price objective on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th.

Ondas Price Performance

NASDAQ ONDS opened at $8.81 on Monday. The firm’s fifty day moving average price is $10.28 and its 200 day moving average price is $9.23. Ondas has a 12 month low of $0.66 and a 12 month high of $15.28. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of -13.15 and a beta of 2.59.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative net margin of 270.37% and a negative return on equity of 69.00%. The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. As a group, sell-side analysts forecast that Ondas will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Ondas

A number of hedge funds and other institutional investors have recently made changes to their positions in ONDS. Beaird Harris Wealth Management LLC raised its stake in Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after acquiring an additional 1,000 shares during the last quarter. Avion Wealth increased its holdings in shares of Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares during the period. IFP Advisors Inc increased 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 purchasing an additional 2,892 shares during the period. Global Retirement Partners LLC raised its stake in shares of Ondas by 30.0% during the fourth quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock worth $127,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Ondas by 228.6% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after purchasing an additional 3,063 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

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.