Marian Walters Sells 50,000 Shares of Eos Energy Enterprises (NASDAQ:EOSE) Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Marian Walters sold 50,000 shares of Eos Energy Enterprises stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $15.81, for a total transaction of $790,500.00. Following the completion of the transaction, the director directly owned 135,334 shares of the company’s stock, valued at $2,139,630.54. The trade was a 26.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Eos Energy Enterprises Stock Performance

Shares of Eos Energy Enterprises stock traded up $0.44 on Monday, hitting $15.43. The company’s stock had a trading volume of 14,407,479 shares, compared to its average volume of 24,095,954. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -1.85 and a beta of 2.15. Eos Energy Enterprises, Inc. has a 1 year low of $2.99 and a 1 year high of $19.86. The firm has a fifty day moving average price of $14.74 and a 200-day moving average price of $9.14.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing the consensus estimate of ($0.31) by ($2.46). The business had revenue of $30.51 million during the quarter, compared to the consensus estimate of $39.55 million. As a group, analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Wall Street Analyst Weigh In

EOSE has been the subject of a number of research analyst reports. B. Riley upped their price objective on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Jefferies Financial Group assumed coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They set a “hold” rating and a $6.50 target price for the company. Zacks Research lowered shares of Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Wall Street Zen lowered Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Stifel Nicolaus lifted their price target on Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Eos Energy Enterprises currently has an average rating of “Hold” and an average target price of $11.93.

Institutional Trading of Eos Energy Enterprises

Several large investors have recently added to or reduced their stakes in EOSE. Rubric Capital Management LP purchased a new stake in Eos Energy Enterprises during the 3rd quarter worth approximately $117,317,000. Driehaus Capital Management LLC purchased a new position in Eos Energy Enterprises in the first quarter valued at $13,456,000. Geode Capital Management LLC grew its stake in Eos Energy Enterprises by 101.4% during the 2nd quarter. Geode Capital Management LLC now owns 5,407,930 shares of the company’s stock worth $27,692,000 after purchasing an additional 2,722,495 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Eos Energy Enterprises during the 2nd quarter worth $11,840,000. Finally, Vanguard Group Inc. increased its holdings in Eos Energy Enterprises by 16.7% during the 3rd quarter. Vanguard Group Inc. now owns 15,536,862 shares of the company’s stock worth $176,965,000 after purchasing an additional 2,218,075 shares during the period. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

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.