Ondas (NASDAQ:ONDS) Stock Gets Price Target Cut from Needham & Company LLC

Key Points

• Needham cut its price target on Ondas from $19 to $14 but kept a Buy rating; the new target implies 163% upside from the share price cited in the report.
• Analyst sentiment remains broadly positive: MarketBeat lists a Moderate Buy consensus and an average price target of $16.43, with 11 Buy, one Hold, and one Sell rating.
• Ondas reported a quarterly loss of $0.10 per share, narrower than the $0.13 loss analysts expected, and revenue of $167.49 million, above the $148.04 million estimate.

Ondas (NASDAQ:ONDS - Get Free Report) had its price objective cut by Needham & Company LLC from $19.00 to $14.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's price objective suggests a potential upside of 163.16% from the stock's current price.

Other equities analysts have also recently issued reports about the company. Oppenheimer lifted their price target on Ondas from $16.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Weiss Ratings reissued a "sell (d+)" rating on shares of Ondas in a research note on Monday, November 2nd. Roth Capital restated a "buy" rating on shares of Ondas in a report on Tuesday, August 18th. Citigroup reaffirmed a "market outperform" rating on shares of Ondas in a research note on Monday, October 19th. Finally, The Goldman Sachs Group raised shares of Ondas to a "buy" rating in a research report on Monday, November 2nd. Eleven 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.43.

Ondas Stock Down 7.2%

Shares of NASDAQ:ONDS opened at $5.32 on Friday. The stock's 50-day moving average price is $6.72 and its 200-day moving average price is $8.75. Ondas has a 12-month low of $4.38 and a 12-month high of $15.28.

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

Insider Activity at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the transaction, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the chief financial officer directly owned 42,246 shares of the company's stock, valued at approximately $326,984.04. This represents a 10.49% decrease in their ownership of the stock. 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 stock. NFSG Corp boosted its position in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company's stock valued at $27,000 after acquiring an additional 2,000 shares in the last quarter. Western Wealth Management LLC bought a new stake in Ondas during the first quarter worth about $28,000. EverSource Wealth Advisors LLC grew its stake in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company's stock worth $28,000 after buying an additional 3,063 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Ondas by 7,185.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,570 shares of the company's stock worth $26,000 after acquiring an additional 3,521 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Ondas during the 3rd quarter valued at about $26,000. 37.73% of the stock is owned by institutional investors.

Key Headlines Impacting Ondas

Investors following ONDS have been watching these headlines:

• Positive Sentiment: The company raised its 2026 revenue forecast to $550 million, above the $536.5 million consensus estimate, and CEO commentary pointed to accelerating Q4 momentum. Article: Ondas CEO Sees Q4 Momentum Accelerating
• Positive Sentiment: Management now expects adjusted EBITDA break-even a quarter earlier in 2027, improving the near-term profitability timeline. Article: Drone Maker Ondas Updates Its Profitability Forecast
• Negative Sentiment: Despite revenue growth, the quarterly loss widened year over year; Zacks reported a loss of $0.11 per share, worse than its $0.09 consensus estimate. Separate coverage also highlighted shrinking margins, underscoring that rapid sales growth has not yet translated into stronger profitability. Article: Ondas Reports Q3 Loss

Ondas Company Profile

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.

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