ProShare Advisors LLC Has $26,000 Stock Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

ProShare Advisors LLC trimmed its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 87.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,535 shares of the company’s stock after selling 139,979 shares during the quarter. ProShare Advisors LLC’s holdings in Eos Energy Enterprises were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EOSE. Ground Swell Capital LLC acquired a new position in Eos Energy Enterprises during the 2nd quarter worth approximately $34,000. Price T Rowe Associates Inc. MD raised its position in shares of Eos Energy Enterprises by 74.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after purchasing an additional 18,735 shares during the period. Powell Investment Advisors LLC lifted its holdings in shares of Eos Energy Enterprises by 52.2% in the 1st quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock worth $72,000 after purchasing an additional 24,000 shares in the last quarter. American International Group Inc. grew its position in Eos Energy Enterprises by 41.2% in the 1st quarter. American International Group Inc. now owns 75,555 shares of the company’s stock valued at $78,000 after purchasing an additional 22,056 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in Eos Energy Enterprises by 40.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock valued at $89,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 54.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EOSE. B. Riley raised shares of Eos Energy Enterprises to a “hold” rating in a research report on Tuesday, June 25th. Stifel Nicolaus reissued a “buy” rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Finally, Roth Mkm restated a “buy” rating and issued a $4.50 target price on shares of Eos Energy Enterprises in a report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.67.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, CEO Joe Mastrangelo purchased 52,800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $1.43 per share, for a total transaction of $75,504.00. Following the purchase, the chief executive officer now owns 909,793 shares of the company’s stock, valued at $1,301,003.99. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total value of $78,600.00. Following the completion of the transaction, the director now owns 84,929 shares in the company, valued at $222,513.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joe Mastrangelo purchased 52,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the completion of the transaction, the chief executive officer now owns 909,793 shares of the company’s stock, valued at approximately $1,301,003.99. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.06% of the company’s stock.

Eos Energy Enterprises Stock Performance

Shares of EOSE stock opened at $3.26 on Tuesday. The firm has a market cap of $678.50 million, a price-to-earnings ratio of -2.09 and a beta of 2.40. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $3.30. The firm’s 50-day simple moving average is $2.29 and its two-hundred day simple moving average is $1.50.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million for the quarter, compared to the consensus estimate of $4.38 million. Analysts forecast that Eos Energy Enterprises, Inc. will post -0.78 earnings per share for the current year.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.