Market Runner: How Analysts Feel About Energous Corp After Today’s Huge Increase?

Market Runner: How Analysts Feel About Energous Corp After Today's Huge Increase?

The stock of Energous Corp (NASDAQ:WATT) is a huge mover today! About 509,518 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 33.17% since April 14, 2016 and is uptrending. It has outperformed by 28.49% the S&P500.
The move comes after 9 months positive chart setup for the $286.70M company. It was reported on Nov, 16 by Barchart.com. We have $34.57 PT which if reached, will make NASDAQ:WATT worth $378.44M more.

Energous Corp (NASDAQ:WATT) Ratings Coverage

Out of 2 analysts covering Energous Corp (NASDAQ:WATT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Energous Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Oppenheimer maintained it with “Buy” rating and $13 target price in Monday, September 21 report. The company was initiated on Monday, December 7 by Ladenburg Thalmann. On Friday, August 14 the stock rating was upgraded by Zacks to “Hold”. Oppenheimer maintained the stock with “Outperform” rating in Saturday, August 22 report.

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.”

Insitutional Activity: The institutional sentiment increased to 3.71 in Q2 2016. Its up 1.98, from 1.73 in 2016Q1. The ratio improved, as 10 funds sold all Energous Corp shares owned while 4 reduced positions. 30 funds bought stakes while 22 increased positions. They now own 8.85 million shares or 92.55% more from 4.59 million shares in 2016Q1.
Citadel Advsr Limited Liability Corporation accumulated 0% or 40,349 shares. Moreover, Citigroup has 0% invested in Energous Corp (NASDAQ:WATT) for 1,493 shares. Kcg accumulated 0.01% or 44,145 shares. Jane Street Gp Inc Limited Company accumulated 0% or 22,308 shares. Parametric Associates Ltd Llc accumulated 21,027 shares or 0% of the stock. Rhumbline Advisers, a Massachusetts-based fund reported 13,154 shares. Legal And General Grp Incorporated Public Limited has 0% invested in the company for 4,471 shares. The California-based Blackrock Fund Advsr has invested 0% in Energous Corp (NASDAQ:WATT). Moreover, Jefferies Grp Inc Ltd Co has 0% invested in Energous Corp (NASDAQ:WATT) for 25,000 shares. Goldman Sachs Grp holds 0% or 71,315 shares in its portfolio. Cadence Cap Mgmt Limited Liability accumulated 41,270 shares or 0.04% of the stock. Royal Bank & Trust Of Canada, a Ontario – Canada-based fund reported 20,968 shares. State Street Corporation accumulated 0% or 178,364 shares. Moreover, Nelson Van Denburg And Campbell Wealth Mngmt Ltd Liability Corp has 0% invested in Energous Corp (NASDAQ:WATT) for 500 shares. Strs Ohio owns 4,900 shares or 0% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 4 selling transactions for $1.11 million net activity. 25,000 shares were sold by Tamkin Gregory S, worth $264,250 on Wednesday, June 1. Johnston Cesar had sold 58,164 shares worth $829,390 on Friday, September 30. Gaulding John also sold $11,233 worth of Energous Corp (NASDAQ:WATT) on Friday, September 30.

More news for Energous Corp (NASDAQ:WATT) were recently published by: Zacks.com, which released: “Why Is Energous Corp. (WATT) Stock Charged Up Today?” on March 29, 2016. Investorplace.com‘s article titled: “WATT Is Up in Energous Corp Stock?” and published on September 26, 2016 is yet another important article.

WATT Company Profile

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.

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