15,500 Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Bought by Focused Wealth Management Inc

Focused Wealth Management Inc bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,500 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors also recently bought and sold shares of the stock. Ground Swell Capital LLC acquired a new stake in Eos Energy Enterprises during the second quarter worth about $34,000. Scientech Research LLC bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter valued at $36,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Eos Energy Enterprises by 74.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after buying an additional 18,735 shares during the period. Venture Visionary Partners LLC acquired a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at $59,000. Finally, Duncan Williams Asset Management LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter worth $62,000. 54.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Joe Mastrangelo bought 52,800 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $1.43 per share, with a total value of $75,504.00. Following the completion of the purchase, the chief executive officer now directly owns 909,793 shares of the company’s stock, valued at approximately $1,301,003.99. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Joe Mastrangelo purchased 52,800 shares of Eos Energy Enterprises stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $1.43 per share, for a total transaction of $75,504.00. Following the completion of the acquisition, the chief executive officer now owns 909,793 shares of the company’s stock, valued at $1,301,003.99. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 84,929 shares of the company’s stock, valued at $222,513.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Eos Energy Enterprises Trading Up 8.9 %

NASDAQ EOSE opened at $3.18 on Wednesday. The firm has a market capitalization of $689.14 million, a price-to-earnings ratio of -4.61 and a beta of 2.38. The firm’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $1.83. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $3.66.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The firm had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $4.38 million. On average, equities research analysts forecast that Eos Energy Enterprises, Inc. 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.