Energous Corporation (WATT) Can’t Be More Safe. Trades Significantly Higher

February 23, 2018 - By Dolores Ford

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.17, from 1.25 in 2017Q2. It increased, as 10 investors sold Energous Corporation shares while 14 reduced holdings. 17 funds opened positions while 17 raised stakes. 8.61 million shares or 9.20% more from 7.88 million shares in 2017Q2 were reported.
2,476 were reported by Tower Limited Liability Corporation (Trc). Oz L P holds 142,800 shares or 0.01% of its portfolio. State Street Corp owns 263,761 shares. The New York-based Alliancebernstein Ltd Partnership has invested 0% in Energous Corporation (NASDAQ:WATT). Cambridge Research Advsr accumulated 18,259 shares. Citigroup Inc reported 634 shares or 0% of all its holdings. 15,938 were accumulated by Manufacturers Life Ins Commerce The. Reilly Financial Ltd reported 0% in Energous Corporation (NASDAQ:WATT). Susquehanna Gp Ltd Liability Partnership stated it has 256,371 shares. Commonwealth Equity Service holds 0% of its portfolio in Energous Corporation (NASDAQ:WATT) for 15,215 shares. Bancorporation Of Ny Mellon holds 0% in Energous Corporation (NASDAQ:WATT) or 70,761 shares. The California-based Wells Fargo And Company Mn has invested 0% in Energous Corporation (NASDAQ:WATT). Parametric Port Assoc Limited Liability Company accumulated 23,922 shares. Asset Mgmt has 0.07% invested in Energous Corporation (NASDAQ:WATT) for 32,447 shares. Thrivent For Lutherans stated it has 0% of its portfolio in Energous Corporation (NASDAQ:WATT).

Since September 8, 2017, it had 0 insider buys, and 6 sales for $1.05 million activity. The insider Sereda Brian J sold 34,000 shares worth $445,043. Sahejpal Neeraj sold 9,867 shares worth $123,651. Shares for $268,714 were sold by Gaulding John.

The stock of Energous Corporation (NASDAQ:WATT) is a huge mover today! The stock increased 12.64% or $2.52 during the last trading session, reaching $22.45. About 2.31 million shares traded. Energous Corporation (NASDAQ:WATT) has risen 57.63% since February 23, 2017 and is uptrending. It has outperformed by 40.93% the S&P500.
The move comes after 5 months positive chart setup for the $507.02 million company. It was reported on Feb, 23 by Barchart.com. We have $24.25 PT which if reached, will make NASDAQ:WATT worth $40.56 million more.

Analysts await Energous Corporation (NASDAQ:WATT) to report earnings on May, 9. They expect $-0.62 earnings per share, down 1.64 % or $0.01 from last year’s $-0.61 per share. After $-0.50 actual earnings per share reported by Energous Corporation for the previous quarter, Wall Street now forecasts 24.00 % negative EPS growth.

Energous Corporation (NASDAQ:WATT) Ratings Coverage

Among 4 analysts covering Energous Corp (NASDAQ:WATT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Energous Corp had 11 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 10 by Oppenheimer. The stock of Energous Corporation (NASDAQ:WATT) earned “Outperform” rating by Oppenheimer on Saturday, August 22. The stock of Energous Corporation (NASDAQ:WATT) earned “Buy” rating by Oppenheimer on Monday, September 21. Roth Capital maintained the stock with “Buy” rating in Monday, August 7 report. The stock has “Hold” rating by Oppenheimer on Friday, January 5. The company was initiated on Monday, December 7 by Ladenburg Thalmann. The firm earned “Buy” rating on Thursday, December 28 by Roth Capital. The firm earned “Buy” rating on Monday, February 19 by Roth Capital. As per Tuesday, January 24, the company rating was downgraded by Oppenheimer. Zacks upgraded Energous Corporation (NASDAQ:WATT) rating on Friday, August 14. Zacks has “Hold” rating and $7.75 target.

More news for Energous Corporation (NASDAQ:WATT) were recently published by: Seekingalpha.com, which released: “Energous +2.8% on new patent” on February 20, 2018. Marketwired.com‘s article titled: “Energous Corporation Reports Fourth Quarter and Full Year 2017 Financial Results” and published on February 15, 2018 is yet another important article.

Energous Corporation engages in the development of a wire-free charging system. The company has market cap of $507.02 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.

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