Ondas (NASDAQ:ONDS) Shares Up 5.6% – Still a Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) were up 5.6% during mid-day trading on Thursday . The company traded as high as $9.90 and last traded at $9.83. Approximately 43,389,618 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 83,906,234 shares. The stock had previously closed at $9.31.

Analyst Ratings Changes

A number of research firms have recently commented on ONDS. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Northland Securities raised their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $23.00 price objective on shares of Ondas in a report on Tuesday, May 19th. Finally, Glj Research set a $17.00 price objective on Ondas in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Up 5.6%

The company’s fifty day moving average price is $10.12 and its two-hundred day moving average price is $10.14. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 245.75 and a beta of 2.60.

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

Insiders Place Their Bets

In other Ondas news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ondas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new position in shares of Ondas in the first quarter worth about $28,000. Bank of America Corp DE lifted its position in shares of Ondas by 1,443.9% during the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after purchasing an additional 1,313,823 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Ondas by 16.8% during the first quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after purchasing an additional 26,500 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Ondas in the first quarter valued at approximately $5,000,000. Finally, Arkadios Wealth Advisors increased its holdings in shares of Ondas by 37.3% in the first quarter. Arkadios Wealth Advisors now owns 50,912 shares of the company’s stock valued at $460,000 after purchasing an additional 13,821 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.