Raymond James Financial Inc. bought a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 64,812 shares of the company's stock, valued at approximately $315,000.
Several other hedge funds also recently bought and sold shares of the company. WESPAC Advisors LLC boosted its stake in shares of Eos Energy Enterprises by 16.6% in the fourth quarter. WESPAC Advisors LLC now owns 12,647 shares of the company's stock worth $61,000 after acquiring an additional 1,798 shares during the period. Montag A & Associates Inc. lifted its holdings in Eos Energy Enterprises by 21.0% in the 4th quarter. Montag A & Associates Inc. now owns 13,809 shares of the company's stock worth $67,000 after purchasing an additional 2,400 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in Eos Energy Enterprises in the 4th quarter worth approximately $29,000. R Squared Ltd bought a new position in Eos Energy Enterprises in the 4th quarter worth approximately $31,000. Finally, Lake Street Private Wealth LLC purchased a new stake in Eos Energy Enterprises during the 4th quarter valued at approximately $51,000. Institutional investors own 54.87% of the company's stock.
Eos Energy Enterprises Stock Performance
Eos Energy Enterprises stock traded up $0.65 during trading hours on Tuesday, hitting $4.87. The company had a trading volume of 3,592,091 shares, compared to its average volume of 7,388,894. The firm has a market cap of $1.10 billion, a P/E ratio of -2.03 and a beta of 2.17. The company has a 50-day moving average price of $4.30 and a two-hundred day moving average price of $4.03. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $6.64.
Analyst Ratings Changes
A number of brokerages recently weighed in on EOSE. Guggenheim restated a "buy" rating and set a $7.00 target price on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Cowen reaffirmed a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Eos Energy Enterprises has an average rating of "Hold" and a consensus target price of $4.70.
View Our Latest Analysis on Eos Energy Enterprises
Eos Energy Enterprises Company Profile
(
Free Report)
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.
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