Ondas (NASDAQ:ONDS) Trading Down 1.8% - Here's What Happened

Key Points

• Ondas shares fell 1.8% to $8.90 in mid-day trading, with 68.1 million shares changing hands—about 20% below average volume.
• Analyst views remain mixed, but the stock carries a consensus “Moderate Buy” rating from 10 analysts and an average price target of $17.18; Ladenburg raised its target to $22.75.
• Ondas reported a quarterly loss of $0.19 per share, missing estimates by $0.10, although revenue of $83.77 million exceeded expectations. CEO Eric A. Brock also sold shares worth approximately $31.9 million to cover tax obligations tied to vested equity awards.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) shares traded down 1.8% during mid-day trading on Wednesday . The company traded as low as $8.62 and last traded at $8.90. 68,056,038 shares changed hands during trading, a decline of 20% from the average daily volume of 85,342,977 shares. The stock had previously closed at $9.06.

Analysts Set New Price Targets

Several research firms have recently commented on ONDS. LADENBURG THALM/SH SH boosted their target price on shares of Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a report on Monday. Wall Street Zen downgraded shares of Ondas from a "sell" rating to a "strong sell" rating in a report on Saturday. Zacks Research upgraded shares of Ondas from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Weiss Ratings downgraded shares of Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Finally, Roth Capital restated a "buy" rating on shares of Ondas in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ondas presently has a consensus rating of "Moderate Buy" and an average price target of $17.18.

Ondas Stock Performance

The stock has a market cap of $5.07 billion, a PE ratio of -127.14 and a beta of 2.72. The stock has a fifty day moving average price of $8.23 and a 200 day moving average price of $9.47.

Ondas (NASDAQ:ONDS - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate 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 net margin of 93.55% and a negative return on equity of 14.20%. As a group, equities analysts anticipate that Ondas Holdings Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Eric A. Brock sold 2,378,245 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.67% of the company's stock.

Institutional Trading of Ondas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. NFSG Corp boosted 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 valued at $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Ondas in the first quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company's stock worth $28,000 after acquiring an additional 3,063 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company's stock worth $32,000 after acquiring an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in Ondas during the 1st quarter valued at $35,000. 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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