Energous Corp. (NASDAQ:WATT) shares rose 3.4% during trading on Monday . The company traded as high as $13.25 and last traded at $12.68, with a volume of 719,482 shares traded. The stock had previously closed at $12.26.

WATT has been the subject of a number of research analyst reports. Zacks Investment Research lowered Energous Corp. from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $13.00 price target on shares of Energous Corp. in a report on Friday, May 13th. Finally, Ladenburg Thalmann restated a “buy” rating on shares of Energous Corp. in a research note on Thursday, March 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $13.50.

The stock’s market capitalization is $210.90 million. The company’s 50-day moving average price is $11.48 and its 200 day moving average price is $8.99.

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

In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $10.57, for a total value of $264,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently raised its stake in Energous Corp. stock. AWM Investment Company Inc. increased its position in shares of Energous Corp. (NASDAQ:WATT) by 72.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 holdings, making the stock its 15th largest position. AWM Investment Company Inc. owned 11.17% of Energous Corp. worth $11,643,000 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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