Marshall Wace LLP Purchases 542,718 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Marshall Wace LLP raised its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 154.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 893,818 shares of the company's stock after acquiring an additional 542,718 shares during the quarter. Marshall Wace LLP owned approximately 0.41% of Eos Energy Enterprises worth $4,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOSE. State Street Corp boosted its position in Eos Energy Enterprises by 9.5% during the 3rd quarter. State Street Corp now owns 875,439 shares of the company's stock valued at $2,600,000 after acquiring an additional 75,657 shares in the last quarter. Geode Capital Management LLC grew its position in Eos Energy Enterprises by 18.0% in the 3rd 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. Virtu Financial LLC purchased a new stake in Eos Energy Enterprises during the third quarter valued at $206,000. Tidal Investments LLC purchased a new stake in shares of Eos Energy Enterprises during the 3rd quarter valued at about $993,000. Finally, Lake Street Private Wealth LLC bought a new position in Eos Energy Enterprises in the fourth quarter worth approximately $51,000. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

EOSE stock traded down $0.20 during trading on Wednesday, hitting $5.22. 4,660,829 shares of the company's stock traded hands, compared to its average volume of 7,487,169. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.17 and a beta of 2.17. The business has a fifty day simple moving average of $4.29 and a 200 day simple moving average of $4.18.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EOSE shares. Roth Capital cut Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their target price for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Cowen reiterated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Guggenheim reissued a "buy" rating and set a $7.00 price objective on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $4.70.

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.