Ondas Holdings Inc. (NASDAQ:ONDS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ondas Holdings Inc. (NASDAQ:ONDS) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.18.

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

Insider Buying and Selling at Ondas

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

Hedge Funds Weigh In On Ondas

Several institutional investors have recently modified their holdings of ONDS. BlueCrest Capital Management Ltd bought a new stake in shares of Ondas in the 2nd quarter valued at about $330,000. WINTON GROUP Ltd bought a new position in Ondas during the 2nd quarter worth approximately $2,294,000. RFG Advisory LLC grew its holdings in Ondas by 57.0% during the second quarter. RFG Advisory LLC now owns 2,787,202 shares of the company’s stock valued at $22,967,000 after purchasing an additional 1,012,353 shares during the period. NewEdge Advisors LLC increased its stake in Ondas by 47.4% in the second quarter. NewEdge Advisors LLC now owns 43,484 shares of the company’s stock valued at $358,000 after purchasing an additional 13,993 shares in the last quarter. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its stake in Ondas by 63.0% in the second quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,016,941 shares of the company’s stock valued at $8,380,000 after purchasing an additional 393,133 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

Ondas Price Performance

Shares of Ondas stock opened at $7.64 on Monday. The firm has a market cap of $4.45 billion, a P/E ratio of -109.14 and a beta of 2.74. The firm has a 50 day simple moving average of $8.02 and a 200 day simple moving average of $8.99. Ondas has a fifty-two week low of $4.95 and a fifty-two week high of $15.28.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The firm had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. On average, sell-side analysts expect that Ondas will post -0.47 EPS for the current year.

Trending Headlines about 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.

Ondas Company Profile

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.