B. Riley Wealth Advisors Inc. Purchases 133,350 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

B. Riley Wealth Advisors Inc. raised its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 245.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 187,750 shares of the company's stock after buying an additional 133,350 shares during the period. B. Riley Wealth Advisors Inc. owned 0.09% of Eos Energy Enterprises worth $912,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOSE. Arizona State Retirement System purchased a new stake in shares of Eos Energy Enterprises during the 4th quarter worth approximately $305,000. FourThought Financial Partners LLC purchased a new stake in shares of Eos Energy Enterprises during the 4th quarter worth approximately $1,335,000. Raymond James Financial Inc. purchased a new stake in shares of Eos Energy Enterprises during the 4th quarter worth approximately $315,000. Swiss National Bank purchased a new stake in shares of Eos Energy Enterprises during the 4th quarter worth approximately $2,071,000. Finally, Barings LLC increased its stake in shares of Eos Energy Enterprises by 100.5% during the 4th quarter. Barings LLC now owns 2,403,448 shares of the company's stock worth $11,681,000 after purchasing an additional 1,204,430 shares during the last quarter. Hedge funds and other institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

Eos Energy Enterprises stock traded down $0.46 during mid-day trading on Friday, reaching $4.05. The company's stock had a trading volume of 60,690,795 shares, compared to its average volume of 8,241,246. Eos Energy Enterprises, Inc. has a 12-month low of $0.66 and a 12-month high of $7.36. The company has a market capitalization of $921.74 million, a P/E ratio of -1.68 and a beta of 2.11. The firm's fifty day moving average price is $5.06 and its two-hundred day moving average price is $4.62.

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

Insider Activity at Eos Energy Enterprises

In other Eos Energy Enterprises news, General Counsel Michael W. Silberman sold 100,943 shares of the firm'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 $692,468.98. Following the completion of the transaction, the general counsel now directly owns 161,404 shares of the company's stock, valued at $1,107,231.44. This trade represents a 38.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nathan Kroeker sold 152,856 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.86, for a total transaction of $1,048,592.16. Following the completion of the transaction, the insider now directly owns 403,815 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 560,356 shares of company stock worth $3,844,042. Corporate insiders own 3.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Roth Capital lowered shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and raised their price target for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Finally, Guggenheim restated a "buy" rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Eos Energy Enterprises has a consensus rating of "Hold" and a consensus target price of $6.00.

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.