Ondas Holdings Inc. (NASDAQ:ONDS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

by · The Markets Daily

Shares of Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.18.

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Oppenheimer increased their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Wall Street Zen cut Ondas from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Ondas in a research note on Monday, September 14th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th.

Read Our Latest Analysis on Ondas

Ondas Trading Up 0.5%

Shares of NASDAQ ONDS opened at $7.64 on Monday. Ondas has a one year low of $4.95 and a one year high of $15.28. The firm has a market capitalization of $4.45 billion, a PE ratio of -109.14 and a beta of 2.74. The business has a 50-day moving average price of $8.02 and a two-hundred day moving average price of $9.00.

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

Key Stories Impacting Ondas

Here are the key news stories impacting Ondas this week:

  • Positive Sentiment: Ondas announced a busy acquisition period involving five defense technology businesses, significantly broadening its autonomous defense platform. The deals add capabilities in AI-enabled sensing, resilient communications, remote operations and GPS-independent navigation. Ondas Acquisition Spree
  • Positive Sentiment: The centerpiece is a roughly $56 million purchase of three defense technology companies. Caribou Labs adds acoustic intelligence for detecting and tracking drones, while Ottopia’s defense business contributes remote and autonomous vehicle technology. The acquisitions could create an integrated autonomous-warfare and counter-drone product portfolio. ONDS $56 Million Defense Bet
  • Neutral Sentiment: ONDS is appearing in discussions of stocks with elevated short interest, raising the possibility of increased volatility or short-covering if acquisition momentum continues. However, another report showed zero reported short interest and a zero-day short-interest ratio, suggesting the available data may be inconsistent or reflect different reporting dates. Squeeze Watch
  • Negative Sentiment: CFO Neil Laird sold 4,952 shares for approximately $38,328, reducing his holdings by 10.49%. Although he retained 42,246 shares, the insider sale may weigh modestly on sentiment. CFO Insider Sale
  • Negative Sentiment: The acquisition spree increases integration, financing and execution risks. Ondas remains unprofitable, and investors will need evidence that the acquired technologies generate sustainable revenue without increasing cash needs or losses.

Insider Transactions at Ondas

In other news, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total value of $67,200.00. Following the transaction, the director directly owned 261,836 shares in the company, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Neil J. Laird sold 4,952 shares of the business’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $7.74, for a total value of $38,328.48. Following the transaction, the chief financial officer directly owned 42,246 shares of the company’s stock, valued at $326,984.04. This represents a 10.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.67% of the stock is owned by insiders.

Institutional Trading of Ondas

Institutional investors have recently made changes to their positions in the business. NFSG Corp grew its position in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC bought a new stake in Ondas during the first quarter worth about $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after buying an additional 3,063 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Ondas during the first quarter worth approximately $35,000. Finally, International Assets Investment Management LLC raised its stake in shares of Ondas by 813.3% in the first quarter. International Assets Investment Management LLC now owns 4,941 shares of the company’s stock valued at $44,000 after acquiring an additional 4,400 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Company Profile

(Get Free Report)

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous systems and private wireless network technologies for industrial, government and critical-infrastructure applications. Its businesses are focused on collecting and transmitting data in environments where conventional communications or manually operated systems may be limited.

Through its autonomous systems activities, including American Robotics and other related platforms, Ondas provides autonomous drone solutions for applications such as agriculture, infrastructure inspection, public safety and security.

Recommended Stories