Ondas Holdings Inc. (NASDAQ:ONDS) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Ondas a consensus “Moderate Buy” rating: Eight of 10 analysts recommend buying the stock, while one rates it a hold and one a sell. The average 12-month price target is $17.18, versus a recent share price of $7.39.
• Recent financial results were mixed: Ondas reported quarterly revenue of $83.77 million, exceeding the $67.97 million estimate, but its loss of $0.19 per share was wider than the expected $0.09 loss. Analysts project a full-year loss of $0.47 per share.
• Stock performance and trading signals remain cautious: Shares have traded between $4.95 and $15.28 over the past year and remain below their 50- and 200-day moving averages. A director recently sold 7,500 shares under a pre-arranged trading plan, while institutional investors own 37.73% of the company.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $17.1750.

Several equities analysts recently commented on ONDS shares. Oppenheimer upped their price objective on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Needham & Company LLC reissued a "buy" rating and issued a $19.00 target price on shares of Ondas in a research report on Monday, September 14th. Weiss Ratings lowered Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Roth Capital reaffirmed a "buy" rating on shares of Ondas in a research report on Tuesday, August 18th. Finally, Wall Street Zen downgraded Ondas from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th.

Ondas Stock Performance

NASDAQ ONDS opened at $7.39 on Monday. The company has a market capitalization of $4.22 billion, a PE ratio of -105.57 and a beta of 2.74. Ondas has a 52-week low of $4.95 and a 52-week high of $15.28. The company has a 50-day simple moving average of $7.96 and a 200 day simple moving average of $9.08.

Ondas (NASDAQ:ONDS - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The company had revenue of $83.77 million during the quarter, compared to analysts' expectations of $67.97 million. As a group, analysts forecast that Ondas will post -0.47 EPS for the current fiscal year.

Insider Transactions at Ondas

In other Ondas news, Director Richard Cohen sold 7,500 shares of the company'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 sale, the director directly owned 261,836 shares of the company's stock, valued at $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ONDS. Beaird Harris Wealth Management LLC boosted its position in shares of Ondas by 3.8% in the fourth 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 period. State of Wyoming boosted its holdings in Ondas by 31.5% in the 1st quarter. State of Wyoming now owns 6,809 shares of the company's stock valued at $62,000 after purchasing an additional 1,631 shares during the period. NFSG Corp boosted its holdings in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company's stock valued at $27,000 after purchasing an additional 2,000 shares during the period. Steadtrust LLC grew its position in shares of Ondas by 10.3% during the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company's stock valued at $177,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Ondas by 30.0% in 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 period. 37.73% of the stock is owned by institutional investors.

Ondas Company Profile

Ondas Holdings Inc NASDAQ: ONDS develops autonomous systems and private wireless network technologies for industrial, government and critical-infrastructure applications. Its businesses are focused on collecting and transmitting data in environments where conventional communications or manually operated systems may be limited.

Through its autonomous systems activities, including American Robotics and other related platforms, Ondas provides autonomous drone solutions for applications such as agriculture, infrastructure inspection, public safety and security.

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