Ondas (NASDAQ:ONDS) Upgraded by Zacks Research to Hold Rating

Ondas (NASDAQ:ONDS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages have also weighed in on ONDS. Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Northland Securities raised 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. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

Shares of NASDAQ ONDS opened at $9.77 on Monday. Ondas has a fifty-two week low of $0.89 and a fifty-two week high of $15.28. The firm has a market capitalization of $4.84 billion, a PE ratio of 244.25 and a beta of 2.56. The stock’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $9.73.

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

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. NFSG Corp grew its stake in shares of Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Ondas in the 1st quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its stake in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after purchasing an additional 3,063 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in shares of Ondas in the 1st quarter valued at approximately $35,000. 37.73% of the stock is currently owned by hedge funds and other 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.