Energous Corp. (NASDAQ:WATT) shares traded down 3.2% during trading on Wednesday . The company traded as low as $12.27 and last traded at $12.54, with a volume of 203,884 shares changing hands. The stock had previously closed at $12.96.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Energous Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Energous Corp. in a research report on Friday, May 13th. Finally, Ladenburg Thalmann reaffirmed a “buy” rating on shares of Energous Corp. in a research report on Thursday, March 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $13.50.

The stock has a 50 day moving average price of $11.66 and a 200 day moving average price of $9.07. The firm’s market cap is $206.59 million.

Energous Corp. (NASDAQ:WATT) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by $0.14. Equities research analysts anticipate that Energous Corp. will post ($1.97) EPS for the current fiscal year.

In related news, major shareholder Gregory S. Tamkin sold 25,000 shares of Energous Corp. stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total transaction of $264,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A hedge fund recently raised its stake in Energous Corp. stock. AWM Investment Company Inc. increased its position in Energous Corp. (NASDAQ:WATT) by 72.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,471,919 shares of the company’s stock after buying an additional 618,442 shares during the period. Energous Corp. accounts for approximately 2.3% of AWM Investment Company Inc.’s investment portfolio, making the stock its 15th largest position. AWM Investment Company Inc. owned 11.17% of Energous Corp. worth $11,643,000 at the end of the most recent quarter.

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

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