Energous Corporation (NASDAQ:WATT)’s share price was up 6.6% during trading on Friday . The company traded as high as $10.23 and last traded at $10.12, with a volume of 1,105,857 shares trading hands. The stock had previously closed at $9.49.

A number of equities analysts recently commented on WATT shares. Zacks Investment Research raised Energous Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Roth Capital set a $23.00 price target on Energous Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. ValuEngine lowered Energous Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub lowered Energous Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $18.00 price target on shares of Energous Corporation in a research note on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.75.

The company’s 50-day moving average price is $12.89 and its 200 day moving average price is $14.56. The stock’s market capitalization is $221.62 million.

Energous Corporation (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.63). Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%. The company had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.43 million. On average, equities research analysts anticipate that Energous Corporation will post ($2.37) EPS for the current year.

In other Energous Corporation news, VP Neeraj Sahejpal sold 3,705 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $9.31, for a total transaction of $34,493.55. Following the completion of the sale, the vice president now directly owns 101,115 shares in the company, valued at approximately $941,380.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian J. Sereda sold 11,395 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $16.11, for a total value of $183,573.45. Following the sale, the insider now owns 133,577 shares of the company’s stock, valued at $2,151,925.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,512 shares of company stock valued at $618,776. 6.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Energous Corporation by 4.1% in the first quarter. Geode Capital Management LLC now owns 129,393 shares of the industrial products company’s stock valued at $2,018,000 after buying an additional 5,154 shares during the period. Vanguard Group Inc. boosted its position in shares of Energous Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 632,792 shares of the industrial products company’s stock valued at $9,872,000 after buying an additional 27,875 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Energous Corporation by 103.4% in the first quarter. Westside Investment Management Inc. now owns 16,525 shares of the industrial products company’s stock valued at $239,000 after buying an additional 8,400 shares in the last quarter. American International Group Inc. boosted its position in shares of Energous Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,130 shares of the industrial products company’s stock valued at $142,000 after buying an additional 607 shares in the last quarter. Finally, Leisure Capital Management boosted its position in shares of Energous Corporation by 45.6% in the first quarter. Leisure Capital Management now owns 29,595 shares of the industrial products company’s stock valued at $462,000 after buying an additional 9,272 shares in the last quarter. Institutional investors own 36.84% of the company’s stock.

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About Energous Corporation

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.