Energous Corporation (WATT) Can’t Burn Your Long Portfolio. Has Another Strong Session

April 16, 2018 - By Winifred Garcia

Energous Corporation (NASDAQ:WATT) Logo

Investors sentiment decreased to 1.29 in 2017 Q4. Its down 0.13, from 1.42 in 2017Q3. It dropped, as 11 investors sold Energous Corporation shares while 17 reduced holdings. 16 funds opened positions while 20 raised stakes. 8.06 million shares or 6.35% less from 8.61 million shares in 2017Q3 were reported.
Deutsche Bancshares Ag holds 57,372 shares or 0% of its portfolio. Legal General Grp Public Limited Company holds 0% or 4,128 shares. Doheny Asset Management Ca invested in 6.81% or 750,775 shares. Geode Mngmt Ltd Liability holds 167,439 shares or 0% of its portfolio. Frontier Invest Management holds 14,500 shares or 0.02% of its portfolio. California State Teachers Retirement Sys holds 0% or 29,770 shares in its portfolio. The Alabama-based Wealthtrust has invested 0.01% in Energous Corporation (NASDAQ:WATT). Goldman Sachs Grp has invested 0% in Energous Corporation (NASDAQ:WATT). Tower Capital Ltd Limited Liability Company (Trc) invested in 0.02% or 8,635 shares. Schwab Charles Investment Management holds 35,700 shares. Nelson Van Denburg Campbell Wealth Mngmt Grp holds 500 shares. Blackrock invested 0% in Energous Corporation (NASDAQ:WATT). Jane Street Gp Inc holds 43,350 shares or 0% of its portfolio. California Employees Retirement Systems accumulated 24,600 shares or 0% of the stock. Herald Invest holds 0.61% of its portfolio in Energous Corporation (NASDAQ:WATT) for 100,000 shares.

Since December 14, 2017, it had 0 insider buys, and 11 sales for $2.93 million activity. Leabman Michael Aaron sold $1.04M worth of Energous Corporation (NASDAQ:WATT) on Wednesday, February 21. Sahejpal Neeraj sold $63,110 worth of stock or 2,880 shares. Another trade for 2,578 shares valued at $56,875 was made by Johnston Cesar on Tuesday, March 13. 30,000 shares were sold by RIZZONE STEPHEN R, worth $675,000. On Tuesday, January 2 Gaulding John sold $268,714 worth of Energous Corporation (NASDAQ:WATT) or 11,353 shares.

The stock of Energous Corporation (NASDAQ:WATT) is a huge mover today! The stock increased 9.10% or $1.655 during the last trading session, reaching $19.835. About 1.13 million shares traded. Energous Corporation (NASDAQ:WATT) has risen 4.71% since April 16, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.
The move comes after 6 months positive chart setup for the $501.35 million company. It was reported on Apr, 16 by Barchart.com. We have $20.63 PT which if reached, will make NASDAQ:WATT worth $20.05 million more.

Analysts await Energous Corporation (NASDAQ:WATT) to report earnings on May, 9. They expect $-0.51 EPS, up 16.39 % or $0.10 from last year’s $-0.61 per share. After $-0.50 actual EPS reported by Energous Corporation for the previous quarter, Wall Street now forecasts 2.00 % negative EPS growth.

Energous Corporation (NASDAQ:WATT) Ratings Coverage

Among 3 analysts covering Energous (NASDAQ:WATT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Energous had 4 analyst reports since December 28, 2017 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Hold” on Friday, January 5. The firm earned “Buy” rating on Thursday, December 28 by Roth Capital. The company was maintained on Monday, February 19 by Roth Capital.

Energous Corporation engages in the development of a wire-free charging system. The company has market cap of $501.35 million. The companyÂ’s technology could enable wire-free charging solutions for contact charging, as well as at a distance charging. It currently has negative earnings. It develops WattUp, a wire-free charging technology that charges electronic devices by surrounding them with a contained three dimensional radio frequency energy pocket.

Energous Corporation (NASDAQ:WATT) Institutional Positions Chart

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