Key Points
- Director Ron Stern sold 850,000 shares of Ondas at an average price of $7.91 on Nov. 26, totaling $6,723,500, according to an SEC filing.
- Ondas reported quarterly EPS of -$0.06 (missed estimates) with revenue of $10.10 million (above expectations), but posted a deeply negative net margin (192.6%) and negative return on equity (35.16%).
- The stock opened at $8.24 (52-week range $0.57–$11.70) and has a $3.04 billion market cap; analysts' consensus is a “Moderate Buy” with a $9.67 price target and several firms raising targets to $10–$12.
Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) Director Ron Stern sold 850,000 shares of the business's stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $7.91, for a total value of $6,723,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ondas Stock Down 2.4%
NASDAQ:ONDS opened at $8.24 on Thursday. Ondas Holdings Inc. has a 52 week low of $0.57 and a 52 week high of $11.70. The stock's fifty day moving average is $7.65 and its two-hundred day moving average is $4.46. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -20.60 and a beta of 2.43.
Ondas (NASDAQ:ONDS - Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The firm had revenue of $10.10 million during the quarter, compared to analysts' expectations of $7.04 million. Ondas has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.
Analysts Set New Price Targets
ONDS has been the topic of several research reports. Lake Street Capital increased their price target on shares of Ondas from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday. Needham & Company LLC boosted their price objective on Ondas from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, November 13th. HC Wainwright began coverage on shares of Ondas in a report on Monday, October 6th. They issued a "buy" rating and a $12.00 target price on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ondas in a report on Tuesday. Finally, Oppenheimer raised shares of Ondas from a "market perform" rating to an "outperform" rating and set a $12.00 price objective on the stock in a research report on Friday, November 14th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Ondas currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.67.
Read Our Latest Research Report on ONDS
Institutional Trading of Ondas
Large investors have recently made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new position in Ondas during the 1st quarter worth approximately $62,000. SLT Holdings LLC purchased a new stake in Ondas in the first quarter valued at approximately $62,000. XTX Topco Ltd acquired a new stake in shares of Ondas in the first quarter valued at approximately $32,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Ondas during the first quarter worth approximately $34,000. Finally, PEAK6 LLC increased its holdings in shares of Ondas by 39.9% in the 1st quarter. PEAK6 LLC now owns 125,920 shares of the company's stock valued at $135,000 after acquiring an additional 35,919 shares during the period. 37.73% of the stock is owned by institutional investors and hedge funds.
About Ondas
(
Get Free Report)
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.
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