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Eos Energy Enterprises, Inc. (NASDAQ:EOSE) CEO Joe Mastrangelo Sells 127,152 Shares

Eos Energy Enterprises logo with Industrials background

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) CEO Joe Mastrangelo sold 127,152 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $4.92, for a total transaction of $625,587.84. Following the sale, the chief executive officer owned 1,236,560 shares of the company's stock, valued at approximately $6,083,875.20. The trade was a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Joe Mastrangelo also recently made the following trade(s):

  • On Friday, May 16th, Joe Mastrangelo sold 270,384 shares of Eos Energy Enterprises stock. The shares were sold at an average price of $6.86, for a total transaction of $1,854,834.24.

Eos Energy Enterprises Stock Down 2.7%

Shares of NASDAQ EOSE traded down $0.13 during trading on Wednesday, hitting $4.66. The company had a trading volume of 10,226,342 shares, compared to its average volume of 8,686,084. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -1.05 and a beta of 2.01. Eos Energy Enterprises, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $7.36. The stock has a fifty day simple moving average of $5.12 and a two-hundred day simple moving average of $4.89.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.01). The business had revenue of $10.46 million for the quarter, compared to the consensus estimate of $11.77 million. On average, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on EOSE. Stifel Nicolaus cut their target price on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating for the company in a research report on Monday, June 9th. Wall Street Zen cut shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday. Guggenheim decreased their price target on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, June 2nd. Finally, TD Cowen upgraded shares of Eos Energy Enterprises to a "hold" rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.50.

Read Our Latest Stock Report on EOSE

Hedge Funds Weigh In On Eos Energy Enterprises

Several hedge funds have recently added to or reduced their stakes in the business. Integrity Alliance LLC. acquired a new position in Eos Energy Enterprises during the first quarter valued at approximately $113,000. CTC Alternative Strategies Ltd. bought a new stake in Eos Energy Enterprises during the first quarter valued at $65,000. Goldman Sachs Group Inc. increased its stake in Eos Energy Enterprises by 36.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company's stock valued at $14,744,000 after purchasing an additional 1,050,128 shares during the last quarter. Millennium Management LLC grew its position in shares of Eos Energy Enterprises by 55.1% during the first quarter. Millennium Management LLC now owns 2,522,273 shares of the company's stock worth $9,534,000 after acquiring an additional 896,471 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Eos Energy Enterprises by 1.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286,648 shares of the company's stock worth $12,925,000 after purchasing an additional 50,117 shares during the period. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Eos Energy Enterprises Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Eos Energy Enterprises (NASDAQ:EOSE)

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