Ondas (NASDAQ:ONDS) Shares Up 8.1% - Still a Buy?

Key Points

• Ondas shares jumped 8.1% to $7.61 in heavy mid-day trading, though the stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and a $17.18 target price, despite recent sell and strong-sell downgrades.
• Ondas missed quarterly EPS expectations, reporting a loss of $0.19 per share versus an expected loss of $0.09, while revenue of $83.77 million exceeded estimates. An insider also sold 7,500 shares under a pre-arranged trading plan.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s share price shot up 8.1% during mid-day trading on Wednesday . The stock traded as high as $7.63 and last traded at $7.61. 78,185,382 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 83,895,086 shares. The stock had previously closed at $7.04.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ONDS. Weiss Ratings lowered Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Zacks Research raised shares of Ondas from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Oppenheimer raised their price target on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, August 14th. LADENBURG THALM/SH SH upped their price objective on Ondas from $21.50 to $22.75 and gave the company a "buy" rating in a report on Monday, August 17th. Finally, Wall Street Zen cut Ondas from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.18.

Ondas Stock Up 8.1%

The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -108.71 and a beta of 2.74. The company's fifty day simple moving average is $8.03 and its 200 day simple moving average is $9.33.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The firm had revenue of $83.77 million during the quarter, compared to the consensus estimate of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, analysts anticipate that Ondas Holdings Inc. will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Richard M. Cohen sold 7,500 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the transaction, the director owned 261,836 shares in the company, valued at $2,346,050.56. The trade was a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Ondas

Several large investors have recently bought and sold shares of ONDS. Vanguard Group Inc. lifted its holdings in Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company's stock valued at $183,167,000 after acquiring an additional 5,351,725 shares during the period. Van ECK Associates Corp bought a new stake in Ondas during the fourth quarter valued at about $71,202,000. State Street Corp boosted its stake in Ondas by 130.2% in the 4th quarter. State Street Corp now owns 5,162,151 shares of the company's stock worth $50,383,000 after purchasing an additional 2,920,071 shares during the period. Two Sigma Investments LP lifted its stake in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company's stock worth $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company's stock valued at $41,558,000 after buying an additional 774,862 shares during the last quarter. 37.73% of the stock is currently 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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