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

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.67.

EOSE has been the topic of several analyst reports. Stifel Nicolaus restated a "buy" rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. B. Riley raised Eos Energy Enterprises to a "hold" rating in a research note on Tuesday, June 25th. Finally, Roth Mkm restated a "buy" rating and issued a $4.50 price target on shares of Eos Energy Enterprises in a report on Friday, June 28th.

Insider Transactions at Eos Energy Enterprises

In other news, CEO Joe Mastrangelo bought 52,800 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the acquisition, the chief executive officer now owns 909,793 shares of the company's stock, valued at $1,301,003.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.06% of the company's stock.

Hedge Funds Weigh In On Eos Energy Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Eos Energy Enterprises by 6.6% during the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company's stock worth $9,657,000 after purchasing an additional 580,022 shares in the last quarter. Evercore Wealth Management LLC boosted its position in Eos Energy Enterprises by 31.8% in the 4th quarter. Evercore Wealth Management LLC now owns 145,000 shares of the company's stock valued at $158,000 after buying an additional 35,000 shares during the last quarter. Electron Capital Partners LLC grew its stake in shares of Eos Energy Enterprises by 226.6% during the fourth quarter. Electron Capital Partners LLC now owns 6,958,125 shares of the company's stock valued at $7,584,000 after acquiring an additional 4,827,586 shares in the last quarter. Black Maple Capital Management LP grew its stake in shares of Eos Energy Enterprises by 227.0% during the fourth quarter. Black Maple Capital Management LP now owns 151,248 shares of the company's stock valued at $165,000 after acquiring an additional 105,000 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Eos Energy Enterprises by 940.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company's stock worth $284,000 after acquiring an additional 249,265 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Stock Up 3.0 %

Shares of Eos Energy Enterprises stock traded up $0.08 during trading on Friday, hitting $2.73. 6,621,995 shares of the company were exchanged, compared to its average volume of 6,749,701. Eos Energy Enterprises has a fifty-two week low of $0.61 and a fifty-two week high of $2.81. The firm has a 50 day moving average price of $2.06 and a 200 day moving average price of $1.32. The stock has a market capitalization of $568.19 million, a price-to-earnings ratio of -1.75 and a beta of 2.39.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million during the quarter, compared to analyst estimates of $4.38 million. Analysts predict that Eos Energy Enterprises will post -0.78 earnings per share 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.