Ondas (NASDAQ:ONDS) Stock Price Up 7.8% – Should You Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) rose 7.8% on Tuesday . The stock traded as high as $10.26 and last traded at $9.77. Approximately 82,319,636 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 83,176,211 shares. The stock had previously closed at $9.06.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ONDS. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. Northland Securities upped their target price on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Ondas in a research report on Tuesday, May 19th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Performance

The firm has a market capitalization of $4.84 billion, a P/E ratio of 244.25 and a beta of 2.56. The business has a fifty day moving average of $9.82 and a 200-day moving average of $9.70.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). The firm had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares in the company, valued at $2,516,103.50. This represents a 2.75% 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. Also, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director owned 295,504 shares of the company’s stock, valued at $2,904,804.32. The trade was a 3.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ondas

Several institutional investors have recently bought and sold shares of ONDS. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 5,351,725 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Ondas in the fourth quarter valued at about $71,202,000. State Street Corp grew its position in shares of Ondas by 130.2% in the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after purchasing an additional 2,920,071 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after purchasing an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ondas by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after purchasing an additional 774,862 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.

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.