Baird Financial Group Inc. reduced its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,759,817 shares of the company's stock after selling 280,913 shares during the period. Baird Financial Group Inc. owned about 0.81% of Eos Energy Enterprises worth $8,553,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. WESPAC Advisors LLC grew its position in shares of Eos Energy Enterprises by 16.6% during the fourth quarter. WESPAC Advisors LLC now owns 12,647 shares of the company's stock worth $61,000 after acquiring an additional 1,798 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Eos Energy Enterprises by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 62,075 shares of the company's stock worth $302,000 after purchasing an additional 2,175 shares during the period. Montag A & Associates Inc. lifted its stake in Eos Energy Enterprises by 21.0% in the fourth quarter. Montag A & Associates Inc. now owns 13,809 shares of the company's stock valued at $67,000 after acquiring an additional 2,400 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $29,000. Finally, R Squared Ltd bought a new position in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $31,000. 54.87% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on EOSE shares. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and boosted their price target for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Guggenheim reaffirmed a "buy" rating and issued a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $4.70.
View Our Latest Report on Eos Energy Enterprises
Eos Energy Enterprises Stock Down 0.6%
NASDAQ EOSE traded down $0.04 on Wednesday, reaching $6.76. The company had a trading volume of 4,720,305 shares, compared to its average volume of 7,651,553. Eos Energy Enterprises, Inc. has a 52-week low of $0.66 and a 52-week high of $7.06. The stock has a market capitalization of $1.53 billion, a P/E ratio of -2.80 and a beta of 2.11. The company's fifty day moving average is $4.57 and its 200 day moving average is $4.35.
Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $10.46 million during the quarter, compared to the consensus estimate of $11.77 million. On average, research analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.
Eos Energy Enterprises Company Profile
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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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