Energous Corp. (NASDAQ:WATT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Energous Corporation is a developer of a disruptive wire-free charging technology. It solutions enables wireless charging or powering of electronic devices at distance. The wireless charging solution, it is developing employs three dimensional (3D) pocketforming. Energous Corporation is headquartered in Pleasanton, California. “

Separately, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $15.00 target price (up previously from $13.00) on shares of Energous Corp. in a research report on Tuesday, August 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Energous Corp. currently has an average rating of “Buy” and a consensus price target of $14.75.

Shares of Energous Corp. (NASDAQ:WATT) traded down 0.06% during mid-day trading on Tuesday, hitting $16.23. The stock had a trading volume of 31,241 shares. Energous Corp. has a one year low of $3.65 and a one year high of $20.13. The stock’s market cap is $276.61 million. The firm has a 50 day moving average of $17.66 and a 200-day moving average of $13.21.

Energous Corp. (NASDAQ:WATT) last posted its earnings results on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.62). Equities research analysts expect that Energous Corp. will post ($1.95) earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Creative Planning increased its stake in Energous Corp. by 258.1% in the third quarter. Creative Planning now owns 5,490 shares of the company’s stock valued at $108,000 after buying an additional 3,957 shares in the last quarter. Geode Capital Management LLC increased its stake in Energous Corp. by 11.0% in the first quarter. Geode Capital Management LLC now owns 83,818 shares of the company’s stock valued at $846,000 after buying an additional 8,306 shares in the last quarter. American International Group Inc. purchased a new stake in Energous Corp. during the second quarter valued at about $110,000. Thompson Davis & CO. Inc. purchased a new stake in Energous Corp. during the second quarter valued at about $113,000. Finally, Nationwide Fund Advisors purchased a new stake in Energous Corp. during the second quarter valued at about $122,000. Hedge funds and other institutional investors own 24.28% of the company’s stock.

Energous Corp. 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.

5 Day Chart for NASDAQ:WATT

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