Eos Energy Enterprises Target of Unusually High Options Trading (NASDAQ:EOSE)

Key Points

• Unusual options trading activity was observed for Eos Energy Enterprises (NASDAQ:EOSE), with a 92% increase in call options purchased on a recent Monday, totaling 134,256 contracts.
• Insider activity revealed that Director Alexander Dimitrief sold 45,000 shares at $6.00 each, a decrease of 17.02% in his position, while another director, Marian Walters, sold 50,000 shares at $7.90, reducing her holdings by 27.20%.
• Brokerage analysts have mixed ratings on the stock, with B. Riley increasing its price target to $8.00 and others like Weiss Ratings reaffirming a "sell" rating; overall, the stock has an average rating of "Hold."

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) saw some unusual options trading activity on Monday. Traders bought 134,256 call options on the company. This is an increase of approximately 92% compared to the typical volume of 69,806 call options.

Insider Buying and Selling

In related news, Director Alexander Dimitrief sold 45,000 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $6.00, for a total value of $270,000.00. Following the completion of the transaction, the director directly owned 219,452 shares of the company's stock, valued at $1,316,712. This represents a 17.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marian Walters sold 50,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total transaction of $395,000.00. Following the transaction, the director owned 133,794 shares of the company's stock, valued at approximately $1,056,972.60. This trade represents a 27.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 659,074 shares of company stock worth $3,885,092. Corporate insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On Eos Energy Enterprises

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in shares of Eos Energy Enterprises in the 1st quarter worth about $197,000. Vanguard Group Inc. grew its holdings in shares of Eos Energy Enterprises by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company's stock valued at $39,171,000 after acquiring an additional 59,762 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Eos Energy Enterprises during the fourth quarter valued at about $1,581,000. Brightline Capital Management LLC lifted its holdings in shares of Eos Energy Enterprises by 2.9% during the 1st quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company's stock worth $6,452,000 after acquiring an additional 48,000 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in Eos Energy Enterprises in the first quarter valued at about $13,456,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on EOSE. B. Riley upped their price target on shares of Eos Energy Enterprises from $5.00 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, September 30th. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Jefferies Financial Group began coverage on shares of Eos Energy Enterprises in a research report on Friday, September 5th. They issued a "hold" rating and a $6.50 price objective for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Eos Energy Enterprises in a research report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.58.

Eos Energy Enterprises Trading Up 9.9%

EOSE traded up $1.25 during trading hours on Monday, hitting $13.85. 22,625,168 shares of the company's stock were exchanged, compared to its average volume of 11,675,751. The firm has a 50 day moving average of $7.71 and a 200 day moving average of $5.89. The firm has a market cap of $3.60 billion, a P/E ratio of -2.66 and a beta of 2.29. Eos Energy Enterprises has a 12-month low of $2.06 and a 12-month high of $15.19.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The business had revenue of $15.24 million for the quarter, compared to the consensus estimate of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, research analysts expect that Eos Energy Enterprises will post -2.54 EPS for the current fiscal year.

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.

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