Ondas (NASDAQ:ONDS) Posts Earnings Results, Misses Estimates By $0.35 EPS

Ondas (NASDAQ:ONDS) issued its quarterly earnings data on Monday. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.35), FiscalAI reports. The company had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.

Ondas Stock Up 1.1%

Ondas stock opened at $10.18 on Monday. Ondas has a twelve month low of $0.66 and a twelve month high of $15.28. The firm has a fifty day simple moving average of $10.83 and a two-hundred day simple moving average of $9.05. The company has a market capitalization of $4.65 billion, a PE ratio of -25.41 and a beta of 2.47.

Insider Transactions at Ondas

In other Ondas news, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the sale, the chief executive officer directly owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This trade represents a 24.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Ondas during the 4th quarter valued at about $14,763,000. Vident Advisory LLC acquired a new position in Ondas during the fourth quarter worth $2,921,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Ondas in the 4th quarter valued at $155,000. NewEdge Advisors LLC boosted its holdings in Ondas by 1,284.6% during the 4th quarter. NewEdge Advisors LLC now owns 44,308 shares of the company’s stock valued at $432,000 after acquiring an additional 41,108 shares during the period. Finally, SummitTX Capital L.P. acquired a new position in Ondas during the 4th quarter worth $939,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ONDS. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Stifel Nicolaus increased their price objective on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Lake Street Capital raised their target price on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Glj Research set a $17.00 price objective on Ondas in a research note on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

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.