Brokerages Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) PT at $3.67

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $3.90.

A number of equities research analysts have recently commented on the company. Roth Mkm dropped 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. Stifel Nicolaus restated a “buy” rating and set a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of Eos Energy Enterprises stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the sale, the director now directly owns 84,929 shares in the company, valued at approximately $222,513.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EOSE. Millennium Management LLC raised its stake in shares of 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 worth $4,018,000 after purchasing an additional 3,109,880 shares in the last quarter. NewEdge Advisors LLC raised its position in Eos Energy Enterprises by 30.2% during the second quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock worth $3,288,000 after acquiring an additional 600,143 shares in the last quarter. Vanguard Group Inc. lifted its stake in Eos Energy Enterprises by 6.6% in the first 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 last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Eos Energy Enterprises by 940.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock valued at $284,000 after acquiring an additional 249,265 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Eos Energy Enterprises during the 2nd quarter worth about $216,000. 54.87% of the stock is owned by institutional investors and hedge funds.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $2.76 on Friday. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $3.66. The company’s fifty day moving average is $2.87 and its 200-day moving average is $1.85.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The business had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $4.38 million. Analysts expect that Eos Energy Enterprises will post -0.76 EPS for the current year.

About Eos Energy Enterprises

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.