Energous Corp (NASDAQ:WATT) shares were up 4.8% on Wednesday . The company traded as high as $19.00 and last traded at $18.03. Approximately 2,787,216 shares were traded during trading, a decline of 38% from the average daily volume of 4,509,641 shares. The stock had previously closed at $18.94.

A number of research analysts have recently weighed in on WATT shares. ValuEngine upgraded shares of Energous from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Energous from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Roth Capital set a $45.80 price target on shares of Energous and gave the company a “buy” rating in a report on Thursday, December 28th. Finally, Ladenburg Thalmann Financial Services raised their price target on shares of Energous from $20.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.93.

The company has a market cap of $402.96, a price-to-earnings ratio of -7.19 and a beta of 1.67.

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

In related news, insider Michael Aaron Leabman sold 29,610 shares of Energous stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $20.57, for a total value of $609,077.70. Following the transaction, the insider now owns 152,279 shares in the company, valued at approximately $3,132,379.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Neeraj Sahejpal sold 2,846 shares of Energous stock in a transaction on Monday, November 13th. The stock was sold at an average price of $9.35, for a total transaction of $26,610.10. Following the completion of the transaction, the vice president now owns 89,123 shares in the company, valued at approximately $833,300.05. The disclosure for this sale can be found here. Insiders sold a total of 282,562 shares of company stock worth $7,128,895 in the last quarter. Insiders own 6.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors increased its holdings in shares of Energous by 26.0% during the 2nd 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. Parametric Portfolio Associates LLC increased its holdings in shares of Energous by 10.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 27,904 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 2,540 shares during the period. California State Teachers Retirement System increased its holdings in shares of Energous by 12.1% during the 2nd quarter. California State Teachers Retirement System now owns 33,381 shares of the industrial products company’s stock worth $543,000 after purchasing an additional 3,600 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Energous by 32.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,728 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 3,855 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Energous by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,903 shares of the industrial products company’s stock worth $909,000 after purchasing an additional 4,022 shares during the period. Hedge funds and other institutional investors own 38.33% of the company’s stock.

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Energous 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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