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Northland Securities Sticks to Their Buy Rating for Ondas (ONDS)

Tipranks - Tipranks - Tue Mar 24, 9:10AM CDT

Northland Securities analyst Michael Latimore maintained a Buy rating on Ondas today and set a price target of $16.00.

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According to TipRanks, Latimore is a 4-star analyst with an average return of 8.1% and a 33.27% success rate. Latimore covers the Technology sector, focusing on stocks such as Ondas, Palantir Technologies, and SoundHound AI, Inc Class A.

In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $16.00 price target.

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Based on Ondas’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.1 million and a GAAP net loss of $7.47 million. In comparison, last year the company earned a revenue of $1.48 million and had a GAAP net loss of $9.53 million

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ONDS in relation to earlier this year.

Read More on ONDS:

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