Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $3.90.

Several equities research analysts recently weighed in 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 note on Thursday, November 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price target on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st.

Insider Transactions at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $2.62, for a total value of $78,600.00. Following the transaction, the director now directly owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This represents a 26.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EOSE. Hollencrest Capital Management increased its holdings in Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after buying an additional 7,500 shares in the last quarter. WESPAC Advisors LLC bought a new stake in shares of Eos Energy Enterprises in the third quarter worth approximately $32,000. Focused Wealth Management Inc purchased a new position in shares of Eos Energy Enterprises during the third quarter valued at approximately $46,000. Walleye Capital LLC bought a new position in Eos Energy Enterprises during the third quarter valued at approximately $48,000. Finally, Venture Visionary Partners LLC purchased a new stake in Eos Energy Enterprises in the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

EOSE stock opened at $2.70 on Thursday. Eos Energy Enterprises has a 1 year low of $0.61 and a 1 year high of $3.66. The firm has a 50-day moving average of $2.86 and a 200 day moving average of $2.04. The company has a market cap of $588.36 million, a P/E ratio of -1.12 and a beta of 2.38.

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.