Brokerages Set Ondas Holdings Inc. (NASDAQ:ONDS) PT at $17.29

Ondas Holdings Inc. (NASDAQ:ONDS) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.2857.

A number of brokerages recently issued reports on ONDS. Oppenheimer upped their price objective on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a report on Monday, December 29th. Lake Street Capital lifted their price target on shares of Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Loop Capital set a $10.00 price objective on Ondas in a report on Wednesday, November 26th. Finally, Stifel Nicolaus increased their price objective on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st.

Ondas Stock Down 1.1%

Shares of ONDS opened at $9.72 on Thursday. Ondas has a 52-week low of $0.57 and a 52-week high of $15.28. The stock has a fifty day simple moving average of $11.05 and a two-hundred day simple moving average of $8.72. The company has a market capitalization of $4.11 billion, a PE ratio of -24.30 and a beta of 2.47.

Insiders Place Their Bets

In other news, Director Randy Seidl sold 21,520 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $204,009.60. Following the completion of the transaction, the director directly owned 212,470 shares in the company, valued at approximately $2,014,215.60. This represents a 9.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total value of $4,612,250.00. Following the sale, the chief executive officer directly owned 1,461,255 shares of the company’s stock, valued at $14,188,786.05. The trade was a 24.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 556,605 shares of company stock worth $5,385,865. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

A number of institutional investors have recently made changes to their positions in ONDS. Vanguard Group Inc. boosted its position in shares of Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after buying an additional 5,351,725 shares during the period. Hood River Capital Management LLC acquired a new position in Ondas during the 2nd quarter worth about $14,479,000. Van ECK Associates Corp acquired a new position in Ondas during the 4th quarter worth about $71,202,000. AWM Investment Company Inc. purchased a new position in Ondas during the 2nd quarter valued at about $11,123,000. Finally, State Street Corp boosted its holdings in Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after acquiring an additional 2,920,071 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.