Energous (NASDAQ:WATT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Energous (NASDAQ:WATT) from a sell rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Energous from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Energous Price Performance

NASDAQ WATT opened at $11.33 on Friday. The company has a fifty day moving average of $14.51 and a two-hundred day moving average of $19.00. The company has a market capitalization of $62.65 million, a PE ratio of -5.13 and a beta of 1.56. Energous has a 1 year low of $3.62 and a 1 year high of $36.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Energous by 85.4% in the fourth quarter. Geode Capital Management LLC now owns 18,713 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 8,619 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Energous during the first quarter worth about $220,000. 3Chopt Investment Partners LLC purchased a new position in shares of Energous during the first quarter worth about $282,000. Bank of New York Mellon Corp acquired a new position in Energous in the 2nd quarter valued at about $301,000. Finally, Headlands Technologies LLC acquired a new position in Energous in the 2nd quarter valued at about $473,000. 4.35% of the stock is owned by hedge funds and other institutional investors.

About Energous

Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company’s solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.