Walleye Capital LLC Buys New Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Walleye Capital LLC bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the third quarter, Holdings Channel reports. The firm bought 16,000 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock valued at $4,018,000 after acquiring an additional 3,109,880 shares during the period. Vanguard Group Inc. boosted its holdings in Eos Energy Enterprises by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock valued at $9,657,000 after acquiring an additional 580,022 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Eos Energy Enterprises in the 2nd quarter valued at about $216,000. Price T Rowe Associates Inc. MD raised its position in Eos Energy Enterprises by 74.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after purchasing an additional 18,735 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Eos Energy Enterprises by 30.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock valued at $3,288,000 after purchasing an additional 600,143 shares in the last quarter. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ EOSE opened at $3.25 on Friday. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $3.66. The firm has a market capitalization of $708.21 million, a PE ratio of -1.35 and a beta of 2.31. The stock’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $2.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EOSE shares. Roth Mkm reduced their price target on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.00 price target on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Eos Energy Enterprises presently has an average rating of “Moderate Buy” and an average target price of $3.90.

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.