Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.67.

Separately, Stifel Nicolaus restated a “buy” rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, August 21st.

Insider Activity at Eos Energy Enterprises

In other Eos Energy Enterprises news, CEO Joe Mastrangelo acquired 52,800 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the completion of the purchase, the chief executive officer now directly owns 909,793 shares of the company’s stock, valued at $1,301,003.99. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related 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 transaction of $78,600.00. Following the sale, the director now directly owns 84,929 shares of the company’s stock, valued at $222,513.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joe Mastrangelo purchased 52,800 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $1.43 per share, with a total value of $75,504.00. Following the completion of the acquisition, the chief executive officer now directly owns 909,793 shares of the company’s stock, valued at $1,301,003.99. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Eos Energy Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth about $174,000. Hollencrest Capital Management increased its stake in shares of Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after purchasing an additional 7,500 shares in the last quarter. Canal Insurance CO raised its holdings in Eos Energy Enterprises by 20.0% in the 3rd quarter. Canal Insurance CO now owns 120,000 shares of the company’s stock worth $356,000 after purchasing an additional 20,000 shares during the period. Flagship Private Wealth LLC boosted its position in Eos Energy Enterprises by 204.3% during the third quarter. Flagship Private Wealth LLC now owns 32,766 shares of the company’s stock worth $97,000 after purchasing an additional 22,000 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Eos Energy Enterprises in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 1.3 %

NASDAQ:EOSE opened at $3.15 on Friday. The stock has a market capitalization of $682.63 million, a price-to-earnings ratio of -4.57 and a beta of 2.38. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $3.66. The firm has a 50 day moving average of $2.83 and a 200 day moving average of $1.81.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The firm had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $4.38 million. As a group, analysts expect that Eos Energy Enterprises will post -0.78 EPS 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.