November 16, 2016 - By Richard Conner · 0 Comments
Energous Corp (NASDAQ:WATT) institutional sentiment increased to 3.71 in Q2 2016. Its up 1.98, from 1.73 in 2016Q1. The ratio has improved, as 52 hedge funds opened new and increased stock positions, while 14 sold and decreased their stock positions in Energous Corp. The hedge funds in our partner’s database reported: 8.85 million shares, up from 4.59 million shares in 2016Q1. Also, the number of hedge funds holding Energous Corp in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 10 Reduced: 4 Increased: 22 New Position: 30.
Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The company has a market cap of $259.71 million. The Company’s business model is to supply silicon components with reference creates and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. It currently has negative earnings.
The stock increased 0.58% or $0.08 during the last trading session, hitting $13.89. Energous Corp (NASDAQ:WATT) has risen 33.17% since April 14, 2016 and is uptrending. It has outperformed by 28.49% the S&P500.
According to Zacks Investment Research, “Energous Corporation is a developer of a disruptive wire-free charging technology. It solutions enables wireless charging or powering of electronic devices at distance. The wireless charging solution, it is developing employs three dimensional (3D) pocketforming. Energous Corporation is headquartered in Pleasanton, California.”
Doheny Asset Management Ca holds 3.17% of its portfolio in Energous Corp for 486,900 shares. Awm Investment Company Inc. owns 644,271 shares or 1.78% of their US portfolio. Moreover, Hood River Capital Management Llc has 1.03% invested in the company for 597,065 shares. The United Kingdom-based Herald Investment Management Ltd has invested 0.68% in the stock. Schnieders Capital Management Llc, a California-based fund reported 45,593 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 sales for $1.11 million net activity.
Ratings analysis reveals 100% of Energous Corp’s analysts are positive. Out of 2 Wall Street analysts rating Energous Corp, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $7.75 while the high is $14. The stock’s average target of $11.58 is -16.63% below today’s ($13.89) share price. WATT was included in 4 notes of analysts from August 14, 2015. On Monday, December 7 the stock rating was initiated by Ladenburg Thalmann with “Buy”. Oppenheimer maintained Energous Corp (NASDAQ:WATT) rating on Monday, September 21. Oppenheimer has “Buy” rating and $13 price target. On Saturday, August 22 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was upgraded by Zacks to “Hold” on Friday, August 14.
Energous Corporation, incorporated on October 30, 2012, is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency (RF) wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The Company’s business model is to supply silicon components with reference creates and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. The Company’s technology can be utilized in a range of devices, including wearables, Internet of Things (IoT) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet.
Another recent and important Energous Corp (NASDAQ:WATT) news was published by Zacks.com which published an article titled: “Why Is Energous Corp. (WATT) Stock Charged Up Today?” on March 29, 2016.
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By Richard Conner