Energous (NASDAQ:WATT) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Energous (NASDAQ:WATT) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Energous from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Energous Stock Up 3.5%

Shares of Energous stock opened at $8.87 on Friday. The company has a fifty day moving average of $12.06 and a 200 day moving average of $18.71. Energous has a fifty-two week low of $3.62 and a fifty-two week high of $36.98.

Institutional Investors Weigh In On Energous

Institutional investors have recently added to or reduced their stakes in the stock. AIGH Capital Management LLC bought a new stake in shares of Energous during the first quarter valued at approximately $3,373,000. GatePass Capital LLC purchased a new position in shares of Energous in the first quarter worth $1,820,000. NewEdge Advisors LLC lifted its holdings in shares of Energous by 8,628.4% in the first quarter. NewEdge Advisors LLC now owns 31,946 shares of the industrial products company’s stock worth $501,000 after buying an additional 31,580 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Energous during the second quarter worth $473,000. Finally, 3Chopt Investment Partners LLC bought a new position in shares of Energous during the first quarter worth $282,000. 4.35% of the stock is owned by hedge funds and other institutional investors.

About Energous

Energous Corporation (NASDAQ: WATT) develops wireless power-at-a-distance technology and related systems. Its WattUp platform uses radio-frequency technology to transmit power wirelessly to compatible devices, with the goal of reducing reliance on conventional charging cables, docks and contact-based charging pads.

The company’s product portfolio includes wireless power transmitters, receivers and reference designs intended for integration into electronic devices and connected products.