Energous Corporation (NASDAQ:WATT) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Tuesday.

Several other research firms have also weighed in on WATT. Zacks Investment Research lowered shares of Energous Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Roth Capital set a $23.00 price target on shares of Energous Corporation and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, BidaskClub lowered shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.67.

Energous Corporation (WATT) opened at $8.55 on Tuesday. Energous Corporation has a 1 year low of $6.91 and a 1 year high of $20.55.

Energous Corporation (NASDAQ:WATT) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.03). The company had revenue of $0.25 million for the quarter, compared to the consensus estimate of $1.20 million. Energous Corporation had a negative net margin of 4,203.27% and a negative return on equity of 263.95%. research analysts forecast that Energous Corporation will post -2.18 earnings per share for the current year.

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In other Energous Corporation news, VP Cesar Johnston sold 9,699 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $9.40, for a total transaction of $91,170.60. Following the completion of the transaction, the vice president now owns 106,025 shares in the company, valued at $996,635. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Aaron Leabman sold 10,515 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $9.31, for a total transaction of $97,894.65. Following the transaction, the insider now owns 181,889 shares of the company’s stock, valued at approximately $1,693,386.59. The disclosure for this sale can be found here. Insiders have sold 51,632 shares of company stock valued at $562,052 in the last quarter. Company insiders own 6.20% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its position in Energous Corporation by 2.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 18,609 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 450 shares during the period. American International Group Inc. boosted its position in Energous Corporation by 7.1% during the first quarter. American International Group Inc. now owns 9,130 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 607 shares during the period. Westside Investment Management Inc. boosted its position in Energous Corporation by 9.1% during the second quarter. Westside Investment Management Inc. now owns 18,025 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 1,500 shares during the period. Nationwide Fund Advisors boosted its position in Energous Corporation by 26.0% during the second quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 2,216 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Energous Corporation by 10.0% in the second quarter. Parametric Portfolio Associates LLC now owns 27,904 shares of the industrial products company’s stock worth $454,000 after buying an additional 2,540 shares in the last quarter. Hedge funds and other institutional investors own 37.70% of the company’s stock.

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.

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