Ondas (NASDAQ:ONDS) Shares Down 7.4% - Here's What Happened

Key Points

• Shares down 7.4% on Monday, trading as low as $7.78 and last at $8.15 on volume of 69,934,393 shares (about 28% below the average session volume).
• Ondas reported quarterly EPS of ($0.39), missing the consensus ($0.06) by $0.33 while revenue of $30.11 million beat estimates, and the company shows steep negative margins and a negative return on equity.
• Analyst views are mixed but tilted positive with a consensus "Moderate Buy" and a target of $17.25 (several firms raised targets, Needham to $23), while CEO Eric Brock sold 475,000 shares, cutting his stake by about 24.5%.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) shares traded down 7.4% on Monday . The stock traded as low as $7.78 and last traded at $8.15. 69,934,393 shares changed hands during trading, a decline of 28% from the average session volume of 97,280,422 shares. The stock had previously closed at $8.80.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Ondas from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, January 21st. Needham & Company LLC upped their price objective on Ondas from $17.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, March 24th. Northland Securities increased their price objective on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday. Wall Street Zen lowered Ondas from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Lake Street Capital boosted their target price on Ondas from $10.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.25.

Ondas Stock Down 7.4%

The company's fifty day moving average is $10.52 and its two-hundred day moving average is $9.21. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -12.16 and a beta of 2.47.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 69.00% and a negative net margin of 270.37%.The firm had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. Sell-side analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Insider Activity at Ondas

In related news, CEO Eric A. Brock sold 475,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total value of $4,612,250.00. Following the transaction, the chief executive officer owned 1,461,255 shares of the company's stock, valued at $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Trading of Ondas

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company's stock valued at $32,000 after acquiring an additional 2,892 shares during the last quarter. Avion Wealth raised its position in shares of 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 in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Ondas by 228.6% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company's stock worth $43,000 after purchasing an additional 3,063 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Ondas by 1,005.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company's stock valued at $43,000 after purchasing an additional 4,000 shares in the last quarter. Finally, American Capital Advisory LLC boosted its holdings in Ondas by 4,600.0% in the fourth quarter. American Capital Advisory LLC now owns 4,700 shares of the company's stock valued at $46,000 after purchasing an additional 4,600 shares in the last quarter. 37.73% of the stock is owned by hedge funds and other 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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