Jeffrey S. Bornstein Sells 30,000 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $2.53 on Wednesday. Eos Energy Enterprises, Inc. has a 1-year low of $0.61 and a 1-year high of $2.81. The company has a market capitalization of $526.56 million, a price-to-earnings ratio of -1.62 and a beta of 2.39. The business has a 50-day moving average of $2.09 and a 200-day moving average of $1.34.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share 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 analyst estimates of $4.38 million. Research analysts expect that Eos Energy Enterprises, Inc. will post -0.78 EPS for the current fiscal year.

Analyst Ratings Changes

EOSE has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Roth Mkm reiterated a “buy” rating and set a $4.50 target price on shares of Eos Energy Enterprises in a report on Friday, June 28th. Finally, B. Riley upgraded shares of Eos Energy Enterprises to a “hold” rating in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Eos Energy Enterprises currently has a consensus rating of “Moderate Buy” and an average price target of $3.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in Eos Energy Enterprises during the 2nd quarter worth approximately $83,000. Cubist Systematic Strategies LLC increased its stake in shares of Eos Energy Enterprises by 138,544.3% in the second quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company’s stock worth $171,000 after buying an additional 134,388 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Eos Energy Enterprises in the second quarter valued at $216,000. NewEdge Advisors LLC boosted its stake in Eos Energy Enterprises by 30.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock valued at $3,288,000 after acquiring an additional 600,143 shares during the last quarter. Finally, Scientech Research LLC acquired a new position in Eos Energy Enterprises during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

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.