Shares of Energous Corporation (NASDAQ:WATT) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $20.50.

WATT has been the topic of several analyst reports. Zacks Investment Research raised shares of Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, August 11th. Roth Capital set a $23.00 price objective on shares of Energous Corporation and gave the stock a “buy” rating in a research note on Monday, August 7th. ValuEngine raised shares of Energous Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Energous Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st.

Energous Corporation (NASDAQ WATT) opened at 10.91 on Wednesday. The stock has a 50 day moving average price of $12.30 and a 200-day moving average price of $14.41. Energous Corporation has a 1-year low of $8.91 and a 1-year high of $20.55. The firm’s market cap is $238.92 million.

Energous Corporation (NASDAQ:WATT) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share for the quarter, hitting the consensus estimate of ($0.63). Energous Corporation had a negative net margin of 2,495.17% and a negative return on equity of 237.18%. The company had revenue of $0.30 million for the quarter, compared to analysts’ expectations of $0.43 million. Equities research analysts forecast that Energous Corporation will post ($2.37) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/13/energous-corporation-watt-given-average-rating-of-hold-by-analysts.html.

In other news, VP Cesar Johnston sold 9,443 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $16.11, for a total transaction of $152,126.73. Following the transaction, the vice president now owns 123,133 shares in the company, valued at $1,983,672.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian J. Sereda sold 11,395 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $16.11, for a total transaction of $183,573.45. Following the transaction, the insider now owns 133,577 shares in the company, valued at approximately $2,151,925.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,757 shares of company stock worth $559,259. 6.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Robecosam AG acquired a new position in shares of Energous Corporation during the second quarter valued at about $1,645,000. California State Teachers Retirement System raised its holdings in shares of Energous Corporation by 12.1% during the second quarter. California State Teachers Retirement System now owns 33,381 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 3,600 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Energous Corporation by 32.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,728 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 3,855 shares during the period. Westside Investment Management Inc. raised its holdings in shares of 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 valued at $287,000 after purchasing an additional 1,500 shares during the period. Finally, State Street Corp raised its holdings in shares of Energous Corporation by 11.4% during the second quarter. State Street Corp now owns 258,523 shares of the industrial products company’s stock valued at $4,203,000 after purchasing an additional 26,538 shares during the period. Hedge funds and other institutional investors own 36.84% 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.

Receive News & Stock Ratings for Energous Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energous Corporation and related stocks with our FREE daily email newsletter.