Were Analysts Bearish Energous Corporation (NASDAQ:WATT) This Week?

May 27, 2018 - By Marie Mckinney

Energous Corporation (NASDAQ:WATT) LogoInvestors sentiment decreased to 1.29 in Q4 2017. Its down 0.13, from 1.42 in 2017Q3. It dived, as 11 investors sold Energous Corporation shares while 17 reduced holdings. 16 funds opened positions while 20 raised stakes. 8.06 million shares or 6.35% less from 8.61 million shares in 2017Q3 were reported.
Leisure Capital invested 0.52% of its portfolio in Energous Corporation (NASDAQ:WATT). Oz L P, New York-based fund reported 140,200 shares. Moreover, D E Shaw & Co Inc has 0.01% invested in Energous Corporation (NASDAQ:WATT) for 189,438 shares. Geode Cap Mgmt Lc holds 0% of its portfolio in Energous Corporation (NASDAQ:WATT) for 167,439 shares. California State Teachers Retirement Sys reported 0% stake. 45,676 were accumulated by Tiaa Cref Invest Mngmt Ltd Com. 57,372 were reported by Deutsche Bank & Trust Ag. Goldman Sachs Group Incorporated has invested 0% in Energous Corporation (NASDAQ:WATT). Millennium Limited stated it has 0% in Energous Corporation (NASDAQ:WATT). Tower Research Cap Limited Liability Corp (Trc) accumulated 8,635 shares or 0.02% of the stock. Bank & Trust Of New York Mellon has invested 0% of its portfolio in Energous Corporation (NASDAQ:WATT). 841,078 are held by Vanguard Group Inc Inc Inc. Peddock Cap Advsrs Ltd Limited Liability Company owns 110 shares or 0% of their US portfolio. Parallax Volatility Advisers Lp holds 0% of its portfolio in Energous Corporation (NASDAQ:WATT) for 6,930 shares. Nelson Van Denburg Campbell Wealth Mngmt Ltd Liability accumulated 500 shares.

Since December 14, 2017, it had 0 insider purchases, and 11 selling transactions for $2.93 million activity. Johnston Cesar sold $253,849 worth of Energous Corporation (NASDAQ:WATT) on Tuesday, March 6. Shares for $675,000 were sold by RIZZONE STEPHEN R. Leabman Michael Aaron also sold $1.04M worth of Energous Corporation (NASDAQ:WATT) shares. Gaulding John sold $268,714 worth of Energous Corporation (NASDAQ:WATT) on Tuesday, January 2. Sereda Brian J sold $372,524 worth of stock.

Energous Corporation (NASDAQ:WATT) Ratings Coverage

Among 3 analysts covering Energous (NASDAQ:WATT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Energous has $45.8 highest and $45.8 lowest target. $45.80’s average target is 147.97% above currents $18.47 stock price. Energous had 4 analyst reports since December 28, 2017 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Friday, January 5. The stock of Energous Corporation (NASDAQ:WATT) earned “Buy” rating by Roth Capital on Monday, February 19. Roth Capital maintained it with “Buy” rating and $45.8 target in Thursday, December 28 report. Below is a list of Energous Corporation (NASDAQ:WATT) latest ratings and price target changes.

19/02/2018 Broker: Roth Capital Rating: Buy New Target: $45.8 Maintain
16/02/2018 Broker: National Securities Rating: Buy
05/01/2018 Broker: Oppenheimer Rating: Hold Maintain
28/12/2017 Broker: Roth Capital Rating: Buy New Target: $45.8 Maintain

The stock increased 0.44% or $0.08 during the last trading session, reaching $18.47. About 308,055 shares traded. Energous Corporation (NASDAQ:WATT) has risen 4.71% since May 27, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Energous Corporation engages in the development of a wire-free charging system. The company has market cap of $470.15 million. The companyÂ’s technology could enable wire-free charging solutions for contact charging, as well as at a distance charging. It currently has negative earnings. It develops WattUp, a wire-free charging technology that charges electronic devices by surrounding them with a contained three dimensional radio frequency energy pocket.

More recent Energous Corporation (NASDAQ:WATT) news were published by: Globenewswire.com which released: “Energous Corporation Announces Participation in Ladenburg Thalmann 2018 Technology Expo” on May 17, 2018. Also Globenewswire.com published the news titled: “New Research: Key Drivers of Growth for SecureWorks, Ingles Markets, Insys Therapeutics, Energous, XO Group, and …” on May 02, 2018. Globenewswire.com‘s news article titled: “Energous Corporation Reports First Quarter 2018 Financial Results” with publication date: May 01, 2018 was also an interesting one.

Energous Corporation (NASDAQ:WATT) Institutional Positions Chart

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