Energous Corporation (NASDAQ:WATT) Director John Gaulding sold 11,353 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $23.67, for a total value of $268,725.51. Following the sale, the director now owns 97,741 shares of the company’s stock, valued at approximately $2,313,529.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
John Gaulding also recently made the following trade(s):
- On Saturday, December 29th, John Gaulding sold 25,000 shares of Energous stock. The shares were sold at an average price of $29.66, for a total value of $741,500.00.
- On Friday, December 29th, John Gaulding sold 25,000 shares of Energous stock. The shares were sold at an average price of $29.66, for a total value of $741,500.00.
Shares of Energous Corporation (WATT) traded down $1.54 during mid-day trading on Friday, reaching $21.83. The company had a trading volume of 6,200,400 shares, compared to its average volume of 11,551,334. The stock has a market cap of $471.37, a price-to-earnings ratio of -8.53 and a beta of 1.93. Energous Corporation has a one year low of $6.91 and a one year high of $33.50.
Energous (NASDAQ:WATT) last issued its earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). The firm had revenue of $0.25 million during the quarter, compared to analysts’ expectations of $1.20 million. Energous had a negative return on equity of 263.95% and a negative net margin of 4,203.27%. equities research analysts forecast that Energous Corporation will post -2.18 EPS for the current year.
Several analysts have recently commented on WATT shares. ValuEngine upgraded Energous from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered Energous from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Roth Capital set a $45.80 target price on Energous and gave the stock a “buy” rating in a research note on Thursday, December 28th. Finally, Ladenburg Thalmann Financial Services raised their target price on Energous from $20.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $30.93.
Hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors raised its stake in Energous by 26.0% in 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. SG Americas Securities LLC purchased a new position in shares of Energous during the 3rd quarter valued at about $187,000. Frontier Investment Mgmt Co. purchased a new position in shares of Energous during the 2nd quarter valued at about $236,000. The Manufacturers Life Insurance Company raised its stake 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 valued at $255,000 after buying an additional 3,855 shares during the last quarter. Finally, Westside Investment Management Inc. raised its stake 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 valued at $287,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 38.97% of the company’s stock.
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Energous Company Profile
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.
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