Ondas (NASDAQ:ONDS) Price Target Raised to $23.00 at Needham & Company LLC

Key Points

• Needham & Company raised its price target to $23 and kept a "buy" rating, implying roughly a 111% upside from the current ~$10.90 share price; the analyst consensus average remains $17 with a "Moderate Buy" rating.
• Ondas missed quarterly EPS (‑$0.41 vs. ‑$0.06 expected) although revenue of $30.11M beat estimates; the company remains unprofitable with a heavily negative net margin and analysts forecast around ‑0.53 EPS for the fiscal year.

Ondas (NASDAQ:ONDS - Get Free Report) had its target price raised by analysts at Needham & Company LLC from $17.00 to $23.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's target price would indicate a potential upside of 111.01% from the stock's current price.

Several other research firms have also issued reports on ONDS. Northland Securities set a $16.00 target price on shares of Ondas in a research note on Tuesday, January 20th. Loop Capital set a $10.00 price target on Ondas in a research note on Wednesday, November 26th. Lake Street Capital upped their price target on Ondas from $10.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. HC Wainwright set a $17.00 price target on Ondas and gave the stock a "buy" rating in a research report on Tuesday, March 10th. Finally, LADENBURG THALM/SH SH raised Ondas to a "strong-buy" rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.00.

Ondas Trading Up 8.3%

Shares of NASDAQ:ONDS opened at $10.90 on Tuesday. Ondas has a 12-month low of $0.66 and a 12-month high of $15.28. The business has a 50 day moving average of $10.78 and a two-hundred day moving average of $9.09. The company has a market capitalization of $4.98 billion, a PE ratio of -27.25 and a beta of 2.47.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Monday, March 23rd. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.35). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The firm had revenue of $30.11 million for the quarter, compared to analysts' expectations of $27.49 million. Equities research analysts predict that Ondas will post -0.53 earnings per share for the current fiscal year.

Insider Activity at Ondas

In other news, CEO Eric A. Brock sold 475,000 shares of the business's stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the sale, the chief executive officer owned 1,461,255 shares of the company's stock, valued at $14,188,786.05. The trade was a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently bought and sold shares of the company. Purpose Unlimited Inc. purchased a new stake in Ondas during the 4th quarter worth approximately $149,000. Rockefeller Capital Management L.P. lifted its position in shares of Ondas by 2,340.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 48,803 shares of the company's stock valued at $476,000 after acquiring an additional 46,803 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Ondas by 9,274.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company's stock worth $33,832,000 after acquiring an additional 3,429,398 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of Ondas during the fourth quarter worth approximately $119,000. Finally, Beaird Harris Wealth Management LLC increased its position in shares of Ondas by 3.8% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company's stock worth $266,000 after purchasing an additional 1,000 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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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