Energous Corp (NASDAQ:WATT) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $38.90.
A number of research firms have weighed in on WATT. ValuEngine raised shares of Energous from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Energous from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Ladenburg Thalmann Financial Services increased their price target on shares of Energous from $20.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Roth Capital set a $45.80 price target on shares of Energous and gave the stock a “buy” rating in a research note on Thursday, December 28th.
In other news, Director John Gaulding sold 25,000 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $29.66, for a total value of $741,500.00. Following the completion of the sale, the director now owns 73,312 shares of the company’s stock, valued at $2,174,433.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen R. Rizzone sold 75,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $26.04, for a total transaction of $1,953,000.00. Following the completion of the sale, the chief executive officer now directly owns 253,609 shares of the company’s stock, valued at approximately $6,603,978.36. The disclosure for this sale can be found here. Insiders sold 282,562 shares of company stock valued at $7,128,895 in the last three months. Company insiders own 6.30% of the company’s stock.
Energous (WATT) opened at $18.59 on Friday. The firm has a market cap of $412.95, a P/E ratio of -7.26 and a beta of 1.71. Energous has a one year low of $6.91 and a one year high of $33.50.
Energous (NASDAQ:WATT) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). The company had revenue of $0.25 million for the quarter, compared to analysts’ expectations of $1.20 million. Energous had a negative return on equity of 263.95% and a negative net margin of 4,203.27%. analysts predict that Energous will post -2.18 earnings per share for the current fiscal year.
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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