Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lowered its stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 64.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,425 shares of the company’s stock after selling 75,914 shares during the quarter. James Investment Research Inc.’s holdings in Eos Energy Enterprises were worth $206,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Brightline Capital Management LLC purchased a new stake in Eos Energy Enterprises during the third quarter worth about $4,871,000. Geode Capital Management LLC increased its stake in Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after purchasing an additional 376,494 shares during the period. Tidal Investments LLC purchased a new stake in Eos Energy Enterprises during the third quarter worth about $993,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Eos Energy Enterprises during the third quarter worth about $741,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in Eos Energy Enterprises during the third quarter worth about $256,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Performance

EOSE stock opened at $4.90 on Monday. The company’s 50 day moving average price is $5.04 and its 200 day moving average price is $3.46. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $6.64. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -2.03 and a beta of 2.10.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their price target on shares of 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.90.

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.