Ondas (NASDAQ:ONDS) Price Target Raised to $17.00 at Needham & Company LLC

Ondas (NASDAQ:ONDS) had its price objective upped by equities researchers at Needham & Company LLC from $12.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 39.80% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. HC Wainwright upped their price target on Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus boosted their target price on Ondas from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Loop Capital set a $10.00 price target on Ondas in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. Finally, Oppenheimer upgraded shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Ondas Stock Performance

ONDS stock opened at $12.16 on Tuesday. Ondas has a one year low of $0.57 and a one year high of $15.28. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of -30.40 and a beta of 2.40. The firm has a 50-day simple moving average of $9.29 and a two-hundred day simple moving average of $6.78.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The firm had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $7.04 million. As a group, equities analysts predict that Ondas will post -0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Randy Seidl sold 21,520 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $204,009.60. Following the sale, the director owned 212,470 shares in the company, valued at $2,014,215.60. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Cohen sold 25,861 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $245,162.28. Following the completion of the transaction, the director owned 197,746 shares in the company, valued at approximately $1,874,632.08. This trade represents a 11.57% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,406,605 shares of company stock valued at $12,109,365. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Large investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in Ondas during the second quarter worth $705,000. Arkadios Wealth Advisors purchased a new stake in shares of Ondas during the 2nd quarter worth about $144,000. XTX Topco Ltd increased its stake in shares of Ondas by 2,796.2% in the 2nd quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock valued at $1,639,000 after purchasing an additional 824,096 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Ondas by 444.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after purchasing an additional 91,732 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Ondas in the 2nd quarter worth about $151,000. 37.73% of the stock is owned by hedge funds and other 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.