Energous (NASDAQ:WATT) has been given a $45.80 target price by research analysts at Roth Capital in a research note issued on Thursday, December 28th, Marketbeat Ratings reports. The firm presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s price target points to a potential upside of 129.00% from the stock’s current price.
A number of other brokerages have also issued reports on WATT. ValuEngine raised shares of Energous from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered shares of Energous from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.93.
Energous (WATT) opened at $20.00 on Thursday. Energous has a 52-week low of $6.91 and a 52-week high of $33.50. The firm has a market cap of $444.27, a P/E ratio of -7.81 and a beta of 1.93.
Energous (NASDAQ:WATT) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.03). Energous had a negative return on equity of 263.95% and a negative net margin of 4,203.27%. The firm had revenue of $0.25 million for the quarter, compared to analysts’ expectations of $1.20 million. sell-side analysts expect that Energous will post -2.18 EPS for the current year.
In other Energous news, Director John Gaulding sold 25,000 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $29.66, for a total transaction of $741,500.00. Following the completion of the transaction, the director now owns 73,312 shares of the company’s stock, valued at approximately $2,174,433.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen R. Rizzone sold 75,000 shares of the business’s 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 transaction, 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. In the last ninety days, insiders sold 282,562 shares of company stock valued at $7,128,895. 6.30% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors lifted its position in Energous by 26.0% during the 2nd quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 2,216 shares during the last quarter. Frontier Investment Mgmt Co. bought a new position in shares of Energous during the 2nd quarter worth about $236,000. SG Americas Securities LLC bought a new position in shares of Energous during the 3rd quarter worth about $187,000. The Manufacturers Life Insurance Company increased its holdings in shares of Energous by 32.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,728 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 3,855 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in shares of Energous by 9.1% during the 2nd quarter. Westside Investment Management Inc. now owns 18,025 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 1,500 shares during the period. 38.97% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This report was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/01/14/energous-watt-given-a-45-80-price-target-by-roth-capital-analysts-updated-updated.html.
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.
Receive News & Ratings for Energous Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energous and related companies with MarketBeat.com's FREE daily email newsletter.