Energous (NASDAQ:WATT) had its price target upped by research analysts at Ladenburg Thalmann Financial Services from $20.00 to $32.00 in a research note issued on Wednesday, January 3rd, MarketBeat.com reports. The firm presently has a “buy” rating on the industrial products company’s stock. Ladenburg Thalmann Financial Services’ price target suggests a potential upside of 78.07% from the stock’s previous close.

A number of other analysts have also commented on WATT. ValuEngine raised shares of Energous from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of Energous from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Roth Capital set a $45.80 target price on shares of Energous and gave the stock a “buy” rating in a report on Thursday, December 28th. One analyst has 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 company presently has a consensus rating of “Hold” and an average price target of $30.93.

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Energous (NASDAQ:WATT) traded up $0.31 during mid-day trading on Wednesday, reaching $17.97. 1,810,911 shares of the company traded hands, compared to its average volume of 7,190,000. Energous has a 1 year low of $6.91 and a 1 year high of $33.50. The company has a market cap of $399.18, a PE ratio of -7.02 and a beta of 1.93.

Energous (NASDAQ:WATT) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.03). Energous had a negative return on equity of 263.95% and a negative net margin of 4,203.27%. The company had revenue of $0.25 million during the quarter, compared to the consensus estimate of $1.20 million. research analysts forecast that Energous will post -2.18 EPS for the current year.

In other Energous news, Director John Gaulding sold 11,353 shares of Energous stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $23.67, for a total transaction of $268,725.51. Following the completion of the sale, the director now owns 97,741 shares of the company’s stock, valued at approximately $2,313,529.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Neeraj Sahejpal sold 2,986 shares of Energous stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $33.19, for a total transaction of $99,105.34. Following the sale, the vice president now directly owns 83,867 shares of the company’s stock, valued at approximately $2,783,545.73. The disclosure for this sale can be found here. Insiders have sold a total of 282,562 shares of company stock valued at $7,128,895 in the last ninety days. Company insiders own 6.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in WATT. Robecosam AG acquired a new position in shares of Energous in the 2nd quarter valued at $1,645,000. Vanguard Group Inc. grew its holdings in shares of Energous by 12.0% in the 2nd quarter. Vanguard Group Inc. now owns 708,654 shares of the industrial products company’s stock valued at $11,523,000 after buying an additional 75,862 shares during the period. Northern Trust Corp grew its holdings in shares of Energous by 27.8% in the 2nd quarter. Northern Trust Corp now owns 215,155 shares of the industrial products company’s stock valued at $3,498,000 after buying an additional 46,799 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Energous by 223.0% in the 3rd quarter. Wells Fargo & Company MN now owns 63,637 shares of the industrial products company’s stock valued at $806,000 after buying an additional 43,937 shares during the period. Finally, Hood River Capital Management LLC grew its holdings in shares of Energous by 2.3% in the 2nd quarter. Hood River Capital Management LLC now owns 1,334,815 shares of the industrial products company’s stock valued at $21,704,000 after buying an additional 30,400 shares during the period. 38.39% of the stock is owned by institutional investors.

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About Energous

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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