Energous (NASDAQ:WATT) Research Coverage Started at HC Wainwright

HC Wainwright assumed coverage on shares of Energous (NASDAQ:WATT) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $15.00 target price on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded Energous from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Weiss Ratings raised Energous from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.00.

Energous Stock Down 5.0%

WATT stock opened at $10.36 on Tuesday. The firm’s 50-day moving average is $11.16 and its 200 day moving average is $16.10. Energous has a 12 month low of $3.62 and a 12 month high of $36.98.

Hedge Funds Weigh In On Energous

A number of large investors have recently bought and sold shares of WATT. NewEdge Advisors LLC grew its holdings in Energous by 20.2% in the second quarter. NewEdge Advisors LLC now owns 38,397 shares of the industrial products company’s stock valued at $923,000 after purchasing an additional 6,451 shares during the period. Flagship Harbor Advisors LLC increased its position in shares of Energous by 47.5% in the third quarter. Flagship Harbor Advisors LLC now owns 22,350 shares of the industrial products company’s stock valued at $294,000 after buying an additional 7,200 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Energous during the 2nd quarter worth approximately $301,000. Fermata Advisors LLC acquired a new position in shares of Energous during the 3rd quarter worth approximately $181,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Energous during the 1st quarter worth approximately $220,000. Institutional investors and hedge funds own 4.35% of the company’s stock.

Energous Company Profile

Energous Corporation develops wireless power-at-a-distance technology and related semiconductor solutions. Its WattUp platform is designed to transmit radio frequency (RF) energy wirelessly to compatible devices, reducing or eliminating the need for traditional charging cables and charging pads.

The company’s products include wireless power transmitters, receivers, reference designs and software intended for integration into connected devices and commercial systems. Its technology is aimed at applications across the Internet of Things, consumer electronics, healthcare, industrial equipment, retail and logistics, including sensors, wearables, asset-tracking devices and other low-power electronics.

Founded in 2012 and headquartered in San Jose, California, Energous has pursued partnerships and commercialization opportunities with technology and hardware companies in multiple international markets.