Ondas (NASDAQ:ONDS) Trading Down 3% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS) was down 3% during mid-day trading on Monday . The company traded as low as $7.65 and last traded at $7.66. 28,735,763 shares were traded during mid-day trading, a decline of 66% from the average session volume of 84,013,258 shares. The stock had previously closed at $7.90.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ONDS shares. Wall Street Zen lowered Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Oppenheimer upped their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Roth Capital reissued a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. LADENBURG THALM/SH SH lifted their price objective on shares of Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a report on Monday, August 17th. Finally, Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ondas currently has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Stock Performance

The company has a market cap of $4.37 billion, a PE ratio of -109.43 and a beta of 2.72. The firm’s 50 day moving average is $8.08 and its 200-day moving average is $9.36.

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

Insider Activity

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the transaction, the director owned 261,836 shares of the company’s stock, valued at approximately $2,346,050.56. This trade represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after acquiring an additional 5,351,725 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Ondas in the 4th quarter valued at $71,202,000. State Street Corp raised its holdings in shares of Ondas by 130.2% in the 4th 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 in the last quarter. Two Sigma Investments LP lifted its position in shares of Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ondas by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after purchasing an additional 774,862 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.