Published On: Thu, Sep 22nd, 2016

Energous Corp. (WATT) Trading Down 4.1%

Shares of Energous Corp. (NASDAQ:WATT) traded down 4.1% during trading on Wednesday . The stock traded as low as $17.30 and last traded at $17.52, with a volume of 621,350 shares. The stock had previously closed at $18.26.
Several analysts recently commented on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $15.00 target price (up previously from $13.00) on shares of Energous Corp. in a report on Tuesday, August 16th. Zacks Investment Research raised shares of Energous Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $14.00.
The stock’s 50 day moving average price is $15.59 and its 200-day moving average price is $11.98. The firm’s market capitalization is $306.60 million.

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Energous Corp. (NASDAQ:WATT) last announced its earnings results on Tuesday, August 9th. The company reported ($0.62) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.62). On average, analysts expect that Energous Corp. will post ($1.95) earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. American International Group Inc. purchased a new stake in shares of Energous Corp. during the second quarter valued at approximately $110,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Energous Corp. during the second quarter valued at approximately $113,000. Nationwide Fund Advisors purchased a new stake in shares of Energous Corp. during the second quarter valued at approximately $122,000. Barclays PLC purchased a new stake in shares of Energous Corp. during the second quarter valued at approximately $128,000. Finally, State Street Corp purchased a new stake in shares of Energous Corp. during the first quarter valued at approximately $160,000. Institutional investors own 24.25% 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.

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