Roth Mkm Has Lowered Expectations for Eos Energy Enterprises (NASDAQ:EOSE) Stock Price

Eos Energy Enterprises (NASDAQ:EOSE) had its target price decreased by research analysts at Roth Mkm from $4.50 to $4.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective would indicate a potential upside of 49.81% from the company’s previous close.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.00 price target on shares of Eos Energy Enterprises in a 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, Eos Energy Enterprises has an average rating of “Moderate Buy” and a consensus price target of $3.90.

Eos Energy Enterprises Stock Performance

Shares of EOSE traded down $0.09 during trading hours on Thursday, hitting $2.67. 6,567,967 shares of the company were exchanged, compared to its average volume of 6,792,158. The company has a market cap of $578.62 million, a PE ratio of -3.87 and a beta of 2.38. The firm’s 50 day moving average is $2.87 and its 200-day moving average is $1.87. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $3.66.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate 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. As a group, equities analysts forecast that Eos Energy Enterprises will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the stock in a transaction 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 in the company, valued at approximately $222,513.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Eos Energy Enterprises

Several hedge funds have recently added to or reduced their stakes in the business. Hollencrest Capital Management raised its stake in shares of Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after purchasing an additional 7,500 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Eos Energy Enterprises in the 2nd quarter valued at about $34,000. Scientech Research LLC acquired a new stake in shares of Eos Energy Enterprises in the 2nd quarter valued at about $36,000. Price T Rowe Associates Inc. MD raised its stake 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 purchasing an additional 18,735 shares during the period. Finally, Focused Wealth Management Inc acquired a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

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.