Energous Corp. (NASDAQ:WATT) shares traded down 1.9% during trading on Wednesday . The company traded as low as $11.62 and last traded at $11.63, with a volume of 134,763 shares trading hands. The stock had previously closed at $11.85.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Energous Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Ladenburg Thalmann reaffirmed a “buy” rating on shares of Energous Corp. in a research note on Thursday, March 31st. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $13.00 target price on shares of Energous Corp. in a research note on Friday, May 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $13.50.

The company’s market capitalization is $196.50 million. The firm’s 50-day moving average price is $11.90 and its 200-day moving average price is $9.21.

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

In other news, major shareholder Gregory S. Tamkin sold 25,000 shares of the company’s 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 through this link.

An institutional investor recently raised its position in Energous Corp. stock. Doheny Asset Management CA boosted its stake in Energous Corp. (NASDAQ:WATT) by 13.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 981,150 shares of the company’s stock after buying an additional 113,125 shares during the period. Energous Corp. makes up approximately 3.8% of Doheny Asset Management CA’s portfolio, making the stock its 4th largest position. Doheny Asset Management CA owned approximately 7.44% of Energous Corp. worth $7,761,000 as of its most recent SEC filing.

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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