James Investment Research Inc. Raises Stock Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

James Investment Research Inc. increased its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 50.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 118,339 shares of the company’s stock after purchasing an additional 39,854 shares during the period. James Investment Research Inc.’s holdings in Eos Energy Enterprises were worth $351,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Eos Energy Enterprises by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock valued at $9,657,000 after purchasing an additional 580,022 shares during the period. Elevatus Welath Management increased its position in Eos Energy Enterprises by 50.0% during the 1st quarter. Elevatus Welath Management now owns 96,267 shares of the company’s stock valued at $99,000 after purchasing an additional 32,090 shares during the period. American International Group Inc. increased its position in Eos Energy Enterprises by 41.2% during the 1st quarter. American International Group Inc. now owns 75,555 shares of the company’s stock valued at $78,000 after purchasing an additional 22,056 shares during the period. PEAK6 Investments LLC purchased a new position in Eos Energy Enterprises during the 1st quarter valued at $103,000. Finally, Price T Rowe Associates Inc. MD increased its position in Eos Energy Enterprises by 74.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after purchasing an additional 18,735 shares during the period. 54.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Joe Mastrangelo purchased 52,800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the purchase, the chief executive officer now directly owns 909,793 shares in the company, valued at approximately $1,301,003.99. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Joe Mastrangelo purchased 52,800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the purchase, the chief executive officer now directly owns 909,793 shares in the company, valued at approximately $1,301,003.99. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey S. Bornstein sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the transaction, the director now owns 84,929 shares in the company, valued at approximately $222,513.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Eos Energy Enterprises Trading Up 1.3 %

Shares of EOSE stock opened at $3.15 on Friday. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $3.66. The stock has a market cap of $682.63 million, a PE ratio of -4.57 and a beta of 2.38. The company’s fifty day moving average price is $2.83 and its 200-day moving average price is $1.81.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million for the quarter, compared to the consensus estimate of $4.38 million. On average, sell-side analysts forecast that Eos Energy Enterprises, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and set a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Moderate Buy” and an average target price of $3.67.

Eos Energy Enterprises Company 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.