Energous Corporation (NASDAQ:WATT) has been assigned a $23.00 price target by equities research analysts at Roth Capital in a research report issued on Monday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s target price points to a potential upside of 64.40% from the stock’s previous close.

WATT has been the topic of several other research reports. Zacks Investment Research raised Energous Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. ValuEngine lowered Energous Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub lowered Energous Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $18.00 price objective on shares of Energous Corporation in a report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.00.

Shares of Energous Corporation (NASDAQ WATT) traded down 0.78% during mid-day trading on Monday, reaching $13.99. The company’s stock had a trading volume of 250,914 shares. The stock’s market capitalization is $288.40 million. Energous Corporation has a 52 week low of $11.80 and a 52 week high of $20.55. The company’s 50-day moving average is $15.76 and its 200-day moving average is $15.31.

Energous Corporation (NASDAQ:WATT) last posted its earnings results on Wednesday, May 10th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.56) by $0.05. The business had revenue of $0.58 million during the quarter, compared to analysts’ expectations of $0.50 million. Energous Corporation had a negative net margin of 2,511.58% and a negative return on equity of 224.53%. Equities analysts predict that Energous Corporation will post ($2.26) EPS for the current year.

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In other Energous Corporation news, Director John Gaulding sold 2,140 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $15.85, for a total transaction of $33,919.00. Following the transaction, the director now owns 86,155 shares of the company’s stock, valued at $1,365,556.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sereda sold 11,395 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $16.11, for a total value of $183,573.45. Following the transaction, the insider now directly 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 ninety days, insiders have sold 24,593 shares of company stock worth $395,217. Corporate insiders own 6.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Energous Corporation during the fourth quarter valued at about $666,000. Wealthsource Partners LLC purchased a new position in shares of Energous Corporation during the first quarter valued at about $250,000. Cadence Capital Management LLC raised its position in shares of Energous Corporation by 68.8% in the second quarter. Cadence Capital Management LLC now owns 41,270 shares of the industrial products company’s stock valued at $534,000 after buying an additional 16,820 shares during the last quarter. Creative Planning raised its position in shares of Energous Corporation by 7.2% in the first quarter. Creative Planning now owns 8,990 shares of the industrial products company’s stock valued at $140,000 after buying an additional 600 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Energous Corporation by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 28,083 shares of the industrial products company’s stock valued at $284,000 after buying an additional 5,446 shares during the last quarter. 40.17% of the stock is currently owned by institutional investors.

About Energous Corporation

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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