325,275 Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 325,275 shares of the company's stock, valued at approximately $1,581,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Eos Energy Enterprises as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Williams Jones Wealth Management LLC. acquired a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $158,000. ProShare Advisors LLC acquired a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $232,000. OMERS ADMINISTRATION Corp acquired a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $546,000. Millennium Management LLC increased its position in Eos Energy Enterprises by 2.4% in the 4th quarter. Millennium Management LLC now owns 1,625,802 shares of the company's stock valued at $7,901,000 after acquiring an additional 38,770 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $16,632,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 36,173 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 $248,146.78. Following the completion of the sale, the chief accounting officer now directly owns 95,624 shares in the company, valued at approximately $655,980.64. This trade represents a 27.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Kroeker sold 152,856 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now owns 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. Over the last ninety days, insiders sold 560,356 shares of company stock worth $3,844,042. 3.63% of the stock is currently owned by company insiders.

Eos Energy Enterprises Price Performance

Shares of EOSE traded down $0.06 during trading hours on Wednesday, hitting $4.01. 8,346,051 shares of the stock were exchanged, compared to its average volume of 8,621,113. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.74 and a fifty-two week high of $7.36. The business has a 50-day moving average of $5.06 and a 200-day moving average of $4.71. The firm has a market capitalization of $912.64 million, a P/E ratio of -1.66 and a beta of 1.97.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $11.77 million. As a group, analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating for the company in a research report on Monday. Roth Capital cut shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Roth Mkm cut shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Guggenheim decreased their price objective on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. Finally, Cowen reiterated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $6.50.

Eos Energy Enterprises 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.