Insider Selling: Eos Energy Enterprises (NASDAQ:EOSE) CFO Sells $802,000.00 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) CFO Nathan Kroeker sold 50,000 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $16.04, for a total value of $802,000.00. Following the transaction, the chief financial officer directly owned 662,512 shares in the company, valued at $10,626,692.48. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ EOSE opened at $16.68 on Thursday. Eos Energy Enterprises, Inc. has a one year low of $3.07 and a one year high of $19.86. The firm has a market capitalization of $4.81 billion, a P/E ratio of -2.00 and a beta of 2.11. The company’s fifty day moving average is $14.35 and its two-hundred day moving average is $11.66.

Eos Energy Enterprises (NASDAQ:EOSE) last announced 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 company had revenue of $30.51 million for the quarter, compared to analysts’ expectations of $39.55 million. On average, sell-side analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Institutional Trading of Eos Energy Enterprises

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in Eos Energy Enterprises by 33.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Eos Energy Enterprises by 46.4% during the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of Eos Energy Enterprises by 6.5% in the third quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company’s stock valued at $195,000 after buying an additional 1,049 shares during the last quarter. Investment Advisory Group LLC lifted its stake in shares of Eos Energy Enterprises by 7.0% during the third quarter. Investment Advisory Group LLC now owns 23,000 shares of the company’s stock valued at $262,000 after buying an additional 1,500 shares during the period. Finally, Copia Wealth Management lifted its stake in shares of Eos Energy Enterprises by 54.7% during the third quarter. Copia Wealth Management now owns 4,796 shares of the company’s stock valued at $55,000 after buying an additional 1,696 shares during the period. Institutional investors and hedge funds own 54.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EOSE. B. Riley raised their price objective on Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Zacks Research upgraded Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. 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. Guggenheim increased their price objective on shares of Eos Energy Enterprises from $10.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Eos Energy Enterprises in a report on Wednesday, December 17th. They set a “neutral” rating and a $16.00 target price for the company. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company’s core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company’s flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.