Shares of Energous Corporation (NASDAQ:WATT) gapped up before the market opened on Tuesday . The stock had previously closed at $9.34, but opened at $10.12. Energous Corporation shares last traded at $12.45, with a volume of 2,312,527 shares traded.

WATT has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, August 11th. Roth Capital set a $23.00 price target on shares of Energous Corporation and gave the stock a “buy” rating in a report on Monday, August 7th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $18.00 price target on shares of Energous Corporation in a report on Thursday, May 11th. ValuEngine raised shares of Energous Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.75.

The company’s market capitalization is $262.57 million. The company’s 50-day moving average is $12.57 and its 200 day moving average is $14.47.

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

In related news, VP Cesar Johnston sold 9,443 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $16.11, for a total transaction of $152,126.73. Following the completion of the sale, the vice president now directly owns 123,133 shares in the company, valued at approximately $1,983,672.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Neeraj Sahejpal sold 1,615 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $15.85, for a total transaction of $25,597.75. Following the sale, the vice president now owns 104,820 shares of the company’s stock, valued at $1,661,397. The disclosure for this sale can be found here. Insiders have sold a total of 48,512 shares of company stock valued at $618,776 over the last quarter. 6.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in Energous Corporation by 7.2% during the 1st quarter. Creative Planning now owns 8,990 shares of the industrial products company’s stock valued at $140,000 after buying an additional 600 shares during the last quarter. American International Group Inc. raised its holdings in Energous Corporation by 7.1% during the 1st 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 during the last quarter. Quantbot Technologies LP raised its holdings in Energous Corporation by 516.9% during the 1st quarter. Quantbot Technologies LP now owns 9,512 shares of the industrial products company’s stock valued at $148,000 after buying an additional 7,970 shares during the last quarter. Nationwide Fund Advisors raised its holdings in Energous Corporation by 26.0% during the 2nd quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,216 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Energous Corporation by 16.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,797 shares of the industrial products company’s stock valued at $184,000 after buying an additional 1,702 shares during the last quarter. Institutional investors own 36.84% of the company’s stock.

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Energous Corporation Company Profile

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.