Energous’ (WATT) Hold Rating Reiterated at Zacks Investment Research

Energous (NASDAQ:WATT)‘s stock had its “hold” rating reiterated by Zacks Investment Research in a report released on Saturday. They currently have a $16.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 1.14% from the company’s current price.

According to Zacks, “Energous Corporation is a developer of a disruptive wire-free charging technology. It solutions enables wireless charging or powering of electronic devices at distance. The wireless charging solution, it is developing employs three dimensional (3D) pocketforming. Energous Corporation is headquartered in Pleasanton, California. “

How to Become a New Pot Stock Millionaire

A number of other equities research analysts have also recently issued reports on the stock. Ladenburg Thalmann Financial Services upped their price objective on shares of Energous from $20.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Roth Capital set a $46.00 price objective on shares of Energous and gave the stock a “buy” rating in a report on Monday, February 19th. National Securities reiterated a “buy” rating on shares of Energous in a report on Friday, February 16th. ValuEngine upgraded shares of Energous from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub cut shares of Energous from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Energous currently has an average rating of “Hold” and a consensus target price of $31.33.

Shares of Energous stock traded up $0.20 on Friday, hitting $15.82. 622,587 shares of the company traded hands, compared to its average volume of 912,222. Energous has a 12-month low of $6.91 and a 12-month high of $33.50. The stock has a market cap of $392.93, a P/E ratio of -6.85 and a beta of 1.62.

Energous (NASDAQ:WATT) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02). Energous had a negative net margin of 4,278.77% and a negative return on equity of 312.80%. The company had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.27 million. research analysts anticipate that Energous will post -1.81 earnings per share for the current year.

In other Energous news, EVP Cesar Johnston sold 2,578 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $22.06, for a total transaction of $56,870.68. Following the completion of the sale, the executive vice president now directly owns 146,277 shares in the company, valued at $3,226,870.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Neeraj Sahejpal sold 4,991 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $20.17, for a total transaction of $100,668.47. The disclosure for this sale can be found here. Insiders have sold 191,495 shares of company stock valued at $4,099,068 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its holdings in Energous by 11.6% during the fourth quarter. Deutsche Bank AG now owns 57,372 shares of the industrial products company’s stock valued at $1,114,000 after acquiring an additional 5,966 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Energous by 248.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,635 shares of the industrial products company’s stock valued at $168,000 after buying an additional 6,159 shares during the last quarter. BlackRock Inc. raised its position in shares of Energous by 0.7% during the fourth quarter. BlackRock Inc. now owns 1,338,595 shares of the industrial products company’s stock valued at $26,037,000 after buying an additional 8,844 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of Energous during the fourth quarter valued at about $150,000. Finally, HRT Financial LLC acquired a new position in shares of Energous during the fourth quarter valued at about $196,000. Institutional investors own 32.89% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3338823/energous-watt-hold-rating-reiterated-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Energous (WATT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Latest News

Houghton Mifflin Harcourt Learning Technology  Shares Sold by Metropolitan Life Insurance Co. NY
Houghton Mifflin Harcourt Learning Technology Shares Sold by Metropolitan Life Insurance Co. NY
Millennium Management LLC Takes $3.57 Million Position in Toyota
Millennium Management LLC Takes $3.57 Million Position in Toyota
Millennium Management LLC Has $3.64 Million Holdings in BEST
Millennium Management LLC Has $3.64 Million Holdings in BEST
Metropolitan Life Insurance Co. NY Sells 76,883 Shares of First BanCorp
Metropolitan Life Insurance Co. NY Sells 76,883 Shares of First BanCorp
Peel Hunt Raises Chemring Group  Price Target to GBX 210
Peel Hunt Raises Chemring Group Price Target to GBX 210
FinnCap Reaffirms Corporate Rating for Discoverie Group
FinnCap Reaffirms Corporate Rating for Discoverie Group


© 2006-2018 Ticker Report. Google+.