Ondas (NASDAQ:ONDS) Research Coverage Started at Citizens Jmp

Citizens Jmp began coverage on shares of Ondas (NASDAQ:ONDS) in a research note issued to investors on Monday, Marketbeat reports. The firm issued an outperform rating and a $14.00 target price on the stock.

ONDS has been the topic of a number of other research reports. Wall Street Zen downgraded shares of Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Oppenheimer boosted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. LADENBURG THALM/SH SH upped their price objective on Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a report on Monday, August 17th. Roth Capital reaffirmed a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Finally, Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.89.

Ondas Price Performance

ONDS opened at $7.19 on Monday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of -102.71 and a beta of 2.92. The business has a 50-day moving average of $7.98 and a two-hundred day moving average of $8.82. Ondas has a 12 month low of $4.95 and a 12 month high of $15.28.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The company had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. Equities research analysts anticipate that Ondas will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Neil Laird sold 4,952 shares of Ondas stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $7.74, for a total transaction of $38,328.48. Following the sale, the chief financial officer owned 42,246 shares in the company, valued at $326,984.04. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard Cohen sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the transaction, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. BlueCrest Capital Management Ltd acquired a new stake in shares of Ondas during the second quarter valued at about $330,000. WINTON GROUP Ltd acquired a new position in shares of Ondas in the second quarter worth about $2,294,000. RFG Advisory LLC boosted its holdings in Ondas by 57.0% in the second quarter. RFG Advisory LLC now owns 2,787,202 shares of the company’s stock valued at $22,967,000 after purchasing an additional 1,012,353 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Ondas by 47.4% in the second quarter. NewEdge Advisors LLC now owns 43,484 shares of the company’s stock valued at $358,000 after purchasing an additional 13,993 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its holdings in Ondas by 63.0% in the second quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,016,941 shares of the company’s stock valued at $8,380,000 after purchasing an additional 393,133 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 autonomous drone systems and private wireless networking solutions for industrial, government and critical-infrastructure applications. Its technologies are designed to support remote monitoring, inspection, security, public safety and other operations that require persistent data collection and reliable communications.

Through its subsidiaries, including American Robotics and Ondas Networks, the company offers autonomous drone platforms, command-and-control software, aerial intelligence solutions and industrial-grade wireless networks.