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

Key Points

• Analyst sentiment is moderately bullish: Eight of ten analysts rate Ondas a buy, with an average 12-month price target of $17.18 versus shares opening at $8.22.
• Insider activity was mixed but included significant selling: CEO Eric Brock sold 2.38 million shares for approximately $31.9 million to cover tax obligations, while director Richard Cohen sold 7,500 shares under a Rule 10b5-1 plan.
• Ondas exceeded revenue expectations but missed on earnings: Quarterly revenue was $83.77 million, above the $67.97 million consensus estimate, while adjusted loss per share of $0.19 was wider than the expected $0.09 loss.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) has earned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $17.1750.

Several research analysts have recently commented on ONDS shares. Oppenheimer raised their price target on Ondas from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Needham & Company LLC reissued a "buy" rating and set a $19.00 target price on shares of Ondas in a research note on Friday, August 14th. Wall Street Zen cut Ondas from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Zacks Research raised Ondas from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Finally, LADENBURG THALM/SH SH boosted their price target on shares of Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a research note on Monday, August 17th.

Insider Buying and Selling

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,346,050.56. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the completion of the transaction, the chief executive officer directly owned 3,583,010 shares of the company's stock, valued at $48,119,824.30. This represents a 39.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently made changes to their positions in ONDS. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Ondas during the second quarter worth about $1,031,000. Carlson Financial Inc. increased its stake in shares of Ondas by 15.6% during the second quarter. Carlson Financial Inc. now owns 25,780 shares of the company's stock worth $212,000 after buying an additional 3,472 shares during the period. California State Teachers Retirement System increased its stake in shares of Ondas by 956.8% during the second quarter. California State Teachers Retirement System now owns 4,229,081 shares of the company's stock worth $34,848,000 after buying an additional 3,828,903 shares during the period. Straight Path Wealth Management acquired a new stake in Ondas in the second quarter valued at approximately $91,000. Finally, FirstWave Capital Management LLC lifted its stake in Ondas by 107.5% in the second quarter. FirstWave Capital Management LLC now owns 330,115 shares of the company's stock worth $2,720,000 after acquiring an additional 171,021 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company's stock.

Ondas Price Performance

Shares of NASDAQ ONDS opened at $8.22 on Thursday. The company has a market capitalization of $4.69 billion, a P/E ratio of -117.43 and a beta of 2.72. The company has a 50 day simple moving average of $8.12 and a 200-day simple moving average of $9.39. Ondas has a 1 year low of $4.90 and a 1 year high of $15.28.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $83.77 million for the quarter, compared to analysts' expectations of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. As a group, research analysts expect that Ondas will post -0.47 EPS for the current year.

Ondas Company Profile

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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