Institutional Investors Are Betting On Energous Corp (NASDAQ:WATT)

November 21, 2017 - By Michael Collier

 Institutional Investors Are Betting On Energous Corp (NASDAQ:WATT)

Sentiment for Energous Corp (NASDAQ:WATT)

Energous Corp (NASDAQ:WATT) institutional sentiment increased to 1.25 in 2017 Q2. Its up 0.14, from 1.11 in 2017Q1. The ratio is better, as 35 active investment managers started new and increased stock positions, while 28 cut down and sold positions in Energous Corp. The active investment managers in our partner’s database now hold: 7.88 million shares, up from 7.71 million shares in 2017Q1. Also, the number of active investment managers holding Energous Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 14 Increased: 25 New Position: 10.

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 market cap of $196.37 million. 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. It currently has negative earnings. The Firm is engaged in developing a solution that charges electronic devices by surrounding them with a contained three-dimensional (3D) RF energy pocket (RF energy pocket).

About 71,466 shares traded. Energous Corp (NASDAQ:WATT) has risen 57.63% since November 21, 2016 and is uptrending. It has outperformed by 40.93% the S&P500.

Analysts expect Energous Corp (NASDAQ:WATT) to report $-0.61 EPS on March, 14.They anticipate $0.14 EPS change or 18.67 % from last quarter’s $-0.75 EPS. After having $-0.58 EPS previously, Energous Corp’s analysts see 5.17 % EPS growth.

Doheny Asset Management Ca holds 7.09% of its portfolio in Energous Corp for 930,175 shares. Hood River Capital Management Llc owns 1.33 million shares or 1.5% of their US portfolio. Moreover, Ascend Capital Llc has 1.22% invested in the company for 1.62 million shares. The United Kingdom-based Herald Investment Management Ltd has invested 0.56% in the stock. Schnieders Capital Management Llc, a California-based fund reported 49,686 shares.#img1#

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $71,567 activity.

Energous Corp (NASDAQ:WATT) Ratings Coverage

Ratings analysis reveals 67% of Energous Corp’s analysts are positive. Out of 3 Wall Street analysts rating Energous Corp, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $7.75 while the high is $22.8000. The stock’s average target of $14.39 is 62.78% above today’s ($8.84) share price. WATT was included in 7 notes of analysts from August 14, 2015. The company was maintained on Monday, September 21 by Oppenheimer. The rating was maintained by Oppenheimer on Thursday, August 10 with “Hold”. The firm has “Perform” rating by Oppenheimer given on Tuesday, January 24. The rating was initiated by Ladenburg Thalmann with “Buy” on Monday, December 7. The rating was maintained by Oppenheimer with “Outperform” on Saturday, August 22. Roth Capital maintained the stock with “Buy” rating in Monday, August 7 report. Zacks upgraded Energous Corp (NASDAQ:WATT) on Friday, August 14 to “Hold” rating.

More important recent Energous Corp (NASDAQ:WATT) news were published by: Seekingalpha.com which released: “Did Apple Just ‘Deal’ A Blow To Energous?” on October 25, 2017, also Seekingalpha.com published article titled: “Energous: Prediction, Estimate Changes, FCC Decision Looming”, Seekingalpha.com published: “Energous Corp’s (WATT) CEO Stephen Rizzone on Q3 2017 Results – Earnings Call …” on November 09, 2017. More interesting news about Energous Corp (NASDAQ:WATT) was released by: Seekingalpha.com and their article: “Energous Corp’s (WATT) CEO Steve Rizzone on Q2 2017 Results – Earnings Call …” with publication date: August 08, 2017.

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