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

A number of equities research analysts have recently commented on WATT shares. Zacks Investment Research cut shares of Energous Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Ladenburg Thalmann restated a “buy” rating on shares of Energous Corp. in a research report on Thursday, March 31st. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $13.00 price objective on shares of Energous Corp. in a research report on Friday, May 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Energous Corp. presently has a consensus rating of “Buy” and an average price target of $13.50.

The firm’s market cap is $194.34 million. The company’s 50-day moving average price is $11.93 and its 200 day moving average price is $9.24.

Energous Corp. (NASDAQ:WATT) last posted its earnings results on Tuesday, May 10th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by $0.14. Equities analysts predict 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 firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total transaction of $264,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Energous Corp. stock. Doheny Asset Management CA increased its position in shares of Energous Corp. (NASDAQ:WATT) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 981,150 shares of the company’s stock after buying an additional 113,125 shares during the period. Energous Corp. accounts for 3.8% of Doheny Asset Management CA’s holdings, making the stock its 4th largest position. Doheny Asset Management CA owned 7.44% of Energous Corp. worth $7,761,000 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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