Key Points
- Ondas director Richard Cohen sold 7,500 shares on May 20 at an average price of $9.50, totaling $71,250. After the sale, he still owned 264,853 shares.
- ONDS shares were down about 1.9% and opened Friday at $9.18, with the stock trading below both its 50-day and 200-day moving averages.
- Analyst sentiment is mixed but leaning positive: the consensus rating is “Moderate Buy” with an average target price of $17.25, though some firms have recently downgraded the stock while others raised targets or ratings.
Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) Director Richard Cohen sold 7,500 shares of Ondas stock in a transaction dated 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 directly owned 264,853 shares in the company, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ondas Stock Down 1.9%
Shares of ONDS opened at $9.18 on Friday. The stock's 50-day moving average price is $9.86 and its 200 day moving average price is $9.66. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 229.50 and a beta of 2.56. Ondas Holdings Inc. has a 12-month low of $0.84 and a 12-month high of $15.28.
Ondas (NASDAQ:ONDS - Get Free Report) last announced its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The firm had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. Equities research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on ONDS shares. Wall Street Zen upgraded shares of Ondas from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of Ondas from a "hold" rating to a "strong sell" rating in a report on Friday, March 27th. Weiss Ratings upgraded shares of Ondas from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, April 21st. Northland Securities upped their target price on shares of Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, March 26th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a "strong-buy" rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Ondas has a consensus rating of "Moderate Buy" and an average target price of $17.25.
View Our Latest Report on ONDS
Institutional Investors Weigh In On Ondas
Several institutional investors and hedge funds have recently made changes to their positions in ONDS. Van ECK Associates Corp bought a new stake in shares of Ondas in the 4th quarter worth about $71,202,000. Vanguard Group Inc. boosted its position in Ondas by 109.9% in the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company's stock valued at $103,567,000 after buying an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP grew its stake in Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company's stock worth $35,267,000 after buying an additional 4,247,859 shares during the last quarter. Marshall Wace LLP bought a new stake in Ondas during the fourth quarter worth about $33,473,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Ondas by 9,274.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company's stock worth $33,832,000 after buying an additional 3,429,398 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company's stock.
About Ondas
(
Get Free Report)
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.
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