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

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

The firm’s market capitalization is $205.10 million. The stock has a 50 day moving average price of $11.66 and a 200 day moving average price of $9.07.

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

In other Energous Corp. news, major shareholder Gregory S. Tamkin sold 25,000 shares of the business’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 transaction of $264,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A hedge fund recently raised its stake 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 Securities and Exchange Commission (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. comprises 3.8% of Doheny Asset Management CA’s investment portfolio, making the stock its 4th largest position. Doheny Asset Management CA owned approximately 7.44% of Energous Corp. worth $7,761,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.