Energous Corp. (NASDAQ:WATT)‘s stock had its “outperform” rating reissued by analysts at Oppenheimer Holdings Inc. in a report released on Tuesday. They currently have a $15.00 target price on the stock. Oppenheimer Holdings Inc.’s target price indicates a potential downside of 1.19% from the company’s previous close.

Separately, Zacks Investment Research cut shares of Energous Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.75.

Shares of Energous Corp. (NASDAQ:WATT) opened at 15.18 on Tuesday. Energous Corp. has a 12-month low of $3.65 and a 12-month high of $20.13. The firm’s 50-day moving average is $16.27 and its 200-day moving average is $13.69. The firm’s market capitalization is $258.71 million.

Energous Corp. (NASDAQ:WATT) last announced its earnings results on Monday, November 7th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.14. The business had revenue of $1 million for the quarter, compared to the consensus estimate of $2.08 million. Equities research analysts forecast that Energous Corp. will post ($2.10) EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Wealthsource Partners LLC purchased a new stake in shares of Energous Corp. during the first quarter worth approximately $250,000. Bank of Montreal Can purchased a new position in Energous Corp. during the second quarter worth approximately $228,000. Hood River Capital Management LLC purchased a new position in Energous Corp. during the second quarter worth approximately $7,732,000. Bank of New York Mellon Corp boosted its position in Energous Corp. by 165.6% in the second quarter. Bank of New York Mellon Corp now owns 46,260 shares of the company’s stock worth $600,000 after buying an additional 28,843 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new position in Energous Corp. during the second quarter worth approximately $402,000. Institutional investors and hedge funds own 25.05% of the company’s stock.

About Energous Corp.

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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