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

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) saw unusually large options trading on Tuesday. Investors bought 121,928 call options on the company. This represents an increase of approximately 264% compared to the average daily volume of 33,534 call options.

Wall Street Analyst Weigh In

A number of research analysts have commented on EOSE shares. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Stifel Nicolaus cut their target price on 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. Guggenheim decreased their price target on 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 research note on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $6.50.

Eos Energy Enterprises Trading Up 3.6%

Shares of EOSE traded up $0.18 during mid-day trading on Friday, hitting $5.08. 5,747,513 shares of the company traded hands, compared to its average volume of 8,683,856. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -1.15 and a beta of 2.01. The business has a 50-day moving average of $5.14 and a 200 day moving average of $4.87. Eos Energy Enterprises has a one year low of $1.40 and a one year high of $7.36.

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 during the quarter, compared to analysts' expectations of $11.77 million. As a group, analysts anticipate that Eos Energy Enterprises will post -2.54 earnings per share for the current year.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, CEO Joe Mastrangelo sold 270,384 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.86, for a total value of $1,854,834.24. Following the sale, the chief executive officer owned 1,109,409 shares of the company's stock, valued at $7,610,545.74. The trade was a 19.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Kroeker sold 152,856 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.86, for a total transaction of $1,048,592.16. Following the transaction, the insider directly owned 403,815 shares of the company's stock, valued at $2,770,170.90. The trade was a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,356 shares of company stock worth $3,844,042 over the last 90 days. Insiders own 3.63% of the company's stock.

Institutional Investors Weigh In On Eos Energy Enterprises

Several institutional investors have recently modified their holdings of EOSE. Parkside Financial Bank & Trust acquired a new stake in Eos Energy Enterprises during the 4th quarter worth $29,000. Carmel Capital Partners LLC acquired a new position in Eos Energy Enterprises during the fourth quarter valued at approximately $49,000. KBC Group NV bought a new stake in Eos Energy Enterprises in the first quarter valued at approximately $38,000. SBI Securities Co. Ltd. raised its holdings in Eos Energy Enterprises by 588.0% in the first quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock worth $38,000 after purchasing an additional 8,602 shares during the period. Finally, Elevatus Welath Management bought a new position in shares of Eos Energy Enterprises during the first quarter worth $39,000. Institutional investors and hedge funds own 54.87% of the company's stock.

About Eos Energy Enterprises

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.