Jag Capital Management LLC Boosts Stock Holdings in Eos Energy Enterprises, Inc. $EOSE

Jag Capital Management LLC boosted its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 11.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 73,450 shares of the company’s stock after buying an additional 7,300 shares during the period. Jag Capital Management LLC’s holdings in Eos Energy Enterprises were worth $376,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers purchased a new stake in shares of Eos Energy Enterprises during the first quarter worth approximately $197,000. Vanguard Group Inc. grew its holdings in shares of Eos Energy Enterprises by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock worth $39,171,000 after buying an additional 59,762 shares in the last quarter. Brightline Capital Management LLC grew its holdings in shares of Eos Energy Enterprises by 2.9% during the first quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company’s stock worth $6,452,000 after buying an additional 48,000 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Eos Energy Enterprises during the first quarter worth $13,456,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Eos Energy Enterprises during the first quarter worth $167,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Eos Energy Enterprises

In other Eos Energy Enterprises news, CFO Nathan Kroeker sold 99,375 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $590,287.50. Following the completion of the transaction, the chief financial officer owned 612,512 shares of the company’s stock, valued at $3,638,321.28. This trade represents a 13.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marian Walters sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total transaction of $395,000.00. Following the transaction, the director directly owned 133,794 shares of the company’s stock, valued at $1,056,972.60. The trade was a 27.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 484,668 shares of company stock valued at $3,027,014 over the last quarter. 3.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EOSE shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eos Energy Enterprises in a research note on Wednesday, October 8th. Guggenheim upped their price target on Eos Energy Enterprises from $6.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, September 5th. B. Riley upped their price target on Eos Energy Enterprises from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Jefferies Financial Group began coverage on Eos Energy Enterprises in a report on Friday, September 5th. They issued a “hold” rating and a $6.50 target price for the company. Finally, Stifel Nicolaus upped their target price on Eos Energy Enterprises from $8.50 to $10.00 and gave the company a “buy” rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Eos Energy Enterprises currently has a consensus rating of “Hold” and an average price target of $7.58.

Eos Energy Enterprises Trading Up 23.4%

NASDAQ EOSE opened at $17.05 on Tuesday. The stock has a market cap of $4.43 billion, a PE ratio of -3.27 and a beta of 2.29. Eos Energy Enterprises, Inc. has a twelve month low of $2.06 and a twelve month high of $17.36. The stock has a fifty day simple moving average of $8.76 and a 200-day simple moving average of $6.33.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.88). The firm had revenue of $15.24 million during the quarter, compared to analyst estimates of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Research analysts predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Eos Energy Enterprises Profile

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.