Analysts Set Ondas Holdings Inc. (NASDAQ:ONDS) PT at $7.25

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.25.

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. HC Wainwright started coverage on shares of Ondas in a research note on Monday, October 6th. They issued a “buy” rating and a $12.00 target price on the stock. Needham & Company LLC began coverage on shares of Ondas in a research note on Tuesday, August 19th. They issued a “buy” rating and a $5.00 price target for the company. Finally, Zacks Research raised shares of Ondas from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th.

Ondas Price Performance

Shares of NASDAQ:ONDS opened at $6.44 on Friday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -12.38 and a beta of 2.44. Ondas has a one year low of $0.57 and a one year high of $11.70. The firm has a fifty day moving average price of $7.30 and a two-hundred day moving average price of $3.74.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Ondas had a negative return on equity of 130.48% and a negative net margin of 300.11%.The company had revenue of $6.27 million for the quarter, compared to the consensus estimate of $4.97 million. Equities research analysts expect that Ondas will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its stake in Ondas by 154.9% during the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after purchasing an additional 9,904 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Ondas during the 1st quarter valued at about $32,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Ondas during the 1st quarter valued at about $34,000. Penbrook Management LLC bought a new stake in Ondas in the 2nd quarter worth approximately $35,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in Ondas in the second quarter worth approximately $36,000. Institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.