WATT has been the topic of several other research reports. ValuEngine raised shares of Energous from a strong sell rating to a sell rating in a research report on Tuesday, November 14th. Ladenburg Thalmann Financial Services boosted their price target on shares of Energous from $20.00 to $32.00 and gave the company a buy rating in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of Energous from a sell rating to a hold rating in a research report on Saturday, January 13th. Finally, Roth Capital set a $45.80 price target on shares of Energous and gave the company a buy rating in a research report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $30.93.
Shares of Energous (NASDAQ WATT) opened at $19.95 on Friday. Energous has a 12-month low of $6.91 and a 12-month high of $33.50. The stock has a market cap of $443.16, a P/E ratio of -7.79 and a beta of 1.71.
In related news, CEO Stephen R. Rizzone sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $26.04, for a total transaction of $1,953,000.00. Following the completion of the transaction, the chief executive officer now owns 253,609 shares of the company’s stock, valued at $6,603,978.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Aaron Leabman sold 29,610 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $20.57, for a total transaction of $609,077.70. Following the transaction, the insider now directly owns 152,279 shares of the company’s stock, valued at approximately $3,132,379.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,716 shares of company stock valued at $7,102,285. 6.30% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Energous by 12.0% in the 2nd quarter. Vanguard Group Inc. now owns 708,654 shares of the industrial products company’s stock worth $11,523,000 after buying an additional 75,862 shares in the last quarter. Wells Fargo & Company MN grew its stake in Energous by 223.0% in the 3rd quarter. Wells Fargo & Company MN now owns 63,637 shares of the industrial products company’s stock worth $806,000 after buying an additional 43,937 shares in the last quarter. State Street Corp grew its stake in Energous by 11.4% in the 2nd quarter. State Street Corp now owns 258,523 shares of the industrial products company’s stock worth $4,203,000 after buying an additional 26,538 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Energous in the 2nd quarter worth approximately $296,000. Finally, Northern Trust Corp grew its stake in Energous by 27.8% in the 2nd quarter. Northern Trust Corp now owns 215,155 shares of the industrial products company’s stock worth $3,498,000 after buying an additional 46,799 shares in the last quarter. 38.34% of the stock is owned by institutional investors.
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Energous 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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