Ondas’ (ONDS) “Buy” Rating Reiterated at Needham & Company LLC

Ondas (NASDAQ:ONDSGet Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They currently have a $23.00 price objective on the stock. Needham & Company LLC’s price target would suggest a potential upside of 137.11% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Lake Street Capital boosted their target price on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Stifel Nicolaus upped their price target on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Oppenheimer lifted their price objective on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

View Our Latest Stock Analysis on ONDS

Ondas Stock Down 8.7%

Shares of ONDS stock opened at $9.70 on Tuesday. The stock’s 50 day simple moving average is $9.89 and its 200 day simple moving average is $9.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84. Ondas has a twelve month low of $0.83 and a twelve month high of $15.28. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 242.50 and a beta of 2.56.

Ondas (NASDAQ:ONDSGet Free Report) last announced its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 21.85% and a net margin of 247.85%.The company had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. As a group, research analysts predict that Ondas will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Ondas

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in Ondas by 444.4% in the 1st 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 period. Geode Capital Management LLC increased its holdings in shares of Ondas by 57.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after purchasing an additional 490,239 shares during the period. NewEdge Advisors LLC bought a new position in shares of Ondas during the 2nd quarter worth about $152,000. Sei Investments Co. acquired a new position in shares of Ondas during the second quarter valued at about $3,086,000. Finally, HRT Financial LP bought a new stake in shares of Ondas in the second quarter valued at about $2,244,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Key Ondas News

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About Ondas

(Get Free Report)

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.

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