Ondas (NASDAQ:ONDS) Coverage Initiated at Roth Capital

Key Points

• Roth Capital initiated coverage of Ondas with a “buy” rating and a $13 price target, implying 39.63% potential upside from the prior close.
• Analyst sentiment is broadly positive: Ondas has an average “Moderate Buy” rating and an average price target of $16.33, although some firms have issued hold or sell ratings.
• ONDS opened at $9.31, with a $5.31 billion market capitalization, while insiders sold approximately 2.4 million shares worth $32.1 million over the past three months.

Research analysts at Roth Capital initiated coverage on shares of Ondas (NASDAQ:ONDS - Get Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The firm set a "buy" rating and a $13.00 price target on the stock. Roth Capital's price objective would suggest a potential upside of 39.63% from the company's previous close.

A number of other research analysts also recently commented on ONDS. LADENBURG THALM/SH SH upgraded shares of Ondas to a "strong-buy" rating in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded Ondas from a "hold" rating to a "sell" rating in a research note on Sunday, May 24th. Needham & Company LLC lowered their price objective on Ondas from $23.00 to $19.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. Finally, Zacks Research raised Ondas from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.33.

Ondas Stock Up 2.2%

Shares of ONDS opened at $9.31 on Tuesday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 232.75 and a beta of 2.72. The business's 50 day moving average is $8.47 and its two-hundred day moving average is $9.59. Ondas has a 52-week low of $3.20 and a 52-week high of $15.28.

Insider Transactions at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the transaction, the director owned 264,853 shares of the company's stock, valued at $2,516,103.50. The trade was a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randy Seidl sold 10,000 shares of the business's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. This trade represents a 3.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 over the last three months. Company insiders own 1.67% of the company's stock.

Hedge Funds Weigh In On Ondas

A number of hedge funds and other institutional investors have recently made changes to their positions in ONDS. Beaird Harris Wealth Management LLC raised its holdings in shares of Ondas by 3.8% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company's stock worth $266,000 after buying an additional 1,000 shares in the last quarter. State of Wyoming increased its stake in shares of Ondas by 31.5% in the first quarter. State of Wyoming now owns 6,809 shares of the company's stock valued at $62,000 after buying an additional 1,631 shares in the last quarter. Avion Wealth grew its holdings in Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company's stock worth $39,000 after acquiring an additional 2,000 shares during the last quarter. NFSG Corp lifted its position in shares of Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company's stock worth $27,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Steadtrust LLC raised its position in Ondas by 10.3% in the 2nd quarter. Steadtrust LLC now owns 21,473 shares of the company's stock worth $177,000 after purchasing an additional 2,000 shares during the last quarter. 37.73% of the stock is owned by institutional investors.

About Ondas

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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