Energous Corporation (NASDAQ:WATT) – Research analysts at Oppenheimer Holdings lifted their Q3 2017 earnings per share (EPS) estimates for Energous Corporation in a report issued on Thursday. Oppenheimer Holdings analyst A. Uerkwitz now anticipates that the industrial products company will post earnings per share of ($0.61) for the quarter, up from their previous forecast of ($0.62). Oppenheimer Holdings also issued estimates for Energous Corporation’s Q4 2017 earnings at ($0.61) EPS and FY2017 earnings at ($2.45) EPS.

Energous Corporation (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.63). The business had revenue of $0.30 million during the quarter, compared to the consensus estimate of $0.43 million. Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%.

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A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday. Roth Capital set a $23.00 price objective on Energous Corporation and gave the stock a “buy” rating in a research note on Monday, August 7th. ValuEngine cut Energous Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub cut Energous Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating and set a $18.00 price objective on shares of Energous Corporation in a research note on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.75.

Energous Corporation (WATT) opened at 12.14 on Monday. The firm has a 50-day moving average price of $15.31 and a 200-day moving average price of $15.12. The company’s market cap is $265.85 million. Energous Corporation has a 12-month low of $11.80 and a 12-month high of $20.55.

A number of hedge funds and other institutional investors have recently made changes to their positions in WATT. Hood River Capital Management LLC raised its position in shares of Energous Corporation by 157.6% in the first quarter. Hood River Capital Management LLC now owns 1,304,415 shares of the industrial products company’s stock valued at $20,349,000 after buying an additional 797,966 shares in the last quarter. Doheny Asset Management CA raised its position in shares of Energous Corporation by 27.8% in the first quarter. Doheny Asset Management CA now owns 969,676 shares of the industrial products company’s stock valued at $15,127,000 after buying an additional 210,876 shares in the last quarter. Morgan Stanley raised its position in shares of Energous Corporation by 228.0% in the first quarter. Morgan Stanley now owns 287,005 shares of the industrial products company’s stock valued at $4,477,000 after buying an additional 199,493 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Energous Corporation by 12.0% in the second quarter. Vanguard Group Inc. now owns 708,654 shares of the industrial products company’s stock valued at $11,523,000 after buying an additional 75,862 shares in the last quarter. Finally, OZ Management LP raised its position in shares of Energous Corporation by 1,476.0% in the first quarter. OZ Management LP now owns 68,800 shares of the industrial products company’s stock valued at $1,073,000 after buying an additional 73,800 shares in the last quarter. 40.17% of the stock is currently owned by institutional investors.

In related news, VP Neeraj Sahejpal sold 1,615 shares of the company’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 $25,597.75. Following the transaction, the vice president now directly owns 104,820 shares of the company’s stock, valued at approximately $1,661,397. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Gaulding sold 2,140 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $15.85, for a total value of $33,919.00. Following the transaction, the director now directly owns 86,155 shares in the company, valued at $1,365,556.75. The disclosure for this sale can be found here. Insiders have sold a total of 24,593 shares of company stock worth $395,217 over the last ninety days. 6.20% of the stock is currently owned by corporate insiders.

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.

Earnings History and Estimates for Energous Corporation (NASDAQ:WATT)

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