Lake Street Capital Issues Pessimistic Forecast for Ondas (NASDAQ:ONDS) Stock Price

Key Points

• Lake Street Capital cut its Ondas price target from $19 to $14 but maintained a Buy rating; the revised target implies 171.69% upside from the stock’s $5.15 price.
• Analyst sentiment remains broadly positive: 11 analysts rate the stock Buy, one Hold and one Sell, giving it a Moderate Buy consensus and an average target of $15.81.
• Ondas reported quarterly revenue of $167.49 million, above the $148.04 million consensus, and a loss of $0.10 per share, narrower than the expected $0.13 loss.

Ondas (NASDAQ:ONDS - Get Free Report) had its target price dropped by equities research analysts at Lake Street Capital from $19.00 to $14.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Lake Street Capital's target price would indicate a potential upside of 171.69% from the company's current price.

Other research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ondas in a research note on Monday, November 2nd. Roth Capital reissued a "buy" rating on shares of Ondas in a research note on Tuesday, August 18th. Ladenburg Thalmann & Co. Inc. boosted their price objective on Ondas from $21.50 to $22.75 and gave the company a "buy" rating in a report on Monday, August 17th. Rothschild & Co Redburn set a $14.00 price target on shares of Ondas in a research report on Friday. Finally, The Goldman Sachs Group upgraded shares of Ondas to a "buy" rating in a report on Monday, November 2nd. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.81.

Ondas Price Performance

Shares of NASDAQ:ONDS traded down $0.17 during mid-day trading on Friday, hitting $5.15. The company had a trading volume of 43,306,234 shares, compared to its average volume of 76,917,602. Ondas has a one year low of $4.38 and a one year high of $15.28. The firm has a fifty day moving average price of $6.72 and a 200 day moving average price of $8.75. The company has a market capitalization of $3.00 billion, a PE ratio of -73.61 and a beta of 3.10.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.03. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $167.49 million during the quarter, compared to analysts' expectations of $148.04 million. Research analysts expect that Ondas will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the sale, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Neil J. Laird sold 4,952 shares of the firm's stock in a transaction dated Thursday, September 24th. The stock was 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 of the company's stock, valued at $326,984.04. This trade represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.67% of the company's stock.

Hedge Funds Weigh In On Ondas

Institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC raised its stake in shares of Ondas by 183.7% in the third quarter. Voya Investment Management LLC now owns 6,612,440 shares of the company's stock valued at $48,469,000 after buying an additional 4,281,842 shares during the period. Bank of New York Mellon Corp bought a new stake in Ondas in the 2nd quarter valued at about $13,158,000. Bank of America Corp DE lifted its holdings in Ondas by 1,443.9% during the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company's stock valued at $12,700,000 after purchasing an additional 1,313,823 shares during the last quarter. RFG Advisory LLC boosted its position in Ondas by 57.0% during the second quarter. RFG Advisory LLC now owns 2,787,202 shares of the company's stock worth $22,967,000 after purchasing an additional 1,012,353 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Ondas during the first quarter worth about $5,000,000. Hedge funds and other institutional investors own 37.73% of the company's stock.

Top Ondas Stories

Investors following ONDS have been watching these stories:

• Positive Sentiment: Ondas reported record third-quarter revenue of $167.5 million, well above analyst expectations, as sales grew more than 16-fold year over year. The company also cited strong bookings and an $835 million backlog, providing greater revenue visibility. Article: Ondas Posts Record Q3 2026 Revenue
• Neutral Sentiment: Needham lowered its price target to $14 from $19 but retained a Buy rating. The reduced target reflects a more cautious valuation, while the recommendation remains supportive. Article: Needham Ratings
• Negative Sentiment: Despite the revenue surge, Ondas’s quarterly loss widened year over year and margins shrank. Higher production needs and the work of integrating acquisitions could make it harder to convert the backlog into profitable growth, adding execution risk. Article: Q3 Earnings Show Wider Loss

About Ondas

Ondas Holdings is a technology company that develops private wireless networks and autonomous systems for industrial, government and security applications. Its businesses include Ondas Networks and Ondas Autonomous Systems. Ondas Networks provides private broadband wireless solutions for mission-critical communications. Its FullMAX platform is designed to support applications such as rail communications and industrial data networks. Ondas Autonomous Systems develops autonomous drone and counter-drone technologies, including systems for infrastructure inspection, security and public safety.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.