Virtu Financial LLC Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Key Points

• Virtu Financial LLC has made a new investment of approximately $296,000 in Eos Energy Enterprises, acquiring 78,418 shares of the company's stock.
• Institutional investors currently own 54.87% of Eos Energy Enterprises' stock, with notable increases in holdings from firms like Bank of America and Barclays PLC during the last quarter.
• Analysts have mixed ratings on Eos Energy's stock, with a consensus rating of "Hold" and an average price target of $6.38, following recent earnings that fell short of expectations.

Virtu Financial LLC acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 78,418 shares of the company's stock, valued at approximately $296,000.

Other institutional investors have also recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Eos Energy Enterprises during the 1st quarter worth approximately $38,000. SBI Securities Co. Ltd. boosted its position in Eos Energy Enterprises by 588.0% during the 1st 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. Parallel Advisors LLC acquired a new position in Eos Energy Enterprises in the 1st quarter worth $43,000. Carmel Capital Partners LLC raised its stake in shares of Eos Energy Enterprises by 24.5% in the 1st quarter. Carmel Capital Partners LLC now owns 12,450 shares of the company's stock valued at $47,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Cannon Global Investment Management LLC bought a new stake in shares of Eos Energy Enterprises during the 1st quarter valued at about $57,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Performance

NASDAQ:EOSE traded down $0.28 during trading hours on Tuesday, hitting $6.05. The stock had a trading volume of 7,910,857 shares, compared to its average volume of 10,624,967. Eos Energy Enterprises, Inc. has a one year low of $1.82 and a one year high of $7.36. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -1.16 and a beta of 2.07. The business's 50 day moving average is $5.32 and its 200-day moving average is $4.99.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued 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 firm 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. On average, sell-side analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Alexander Dimitrief sold 45,000 shares of Eos Energy Enterprises stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.00, for a total transaction of $270,000.00. Following the sale, the director directly owned 219,452 shares of the company's stock, valued at approximately $1,316,712. The trade was a 17.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Nathan Kroeker sold 99,375 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $590,287.50. Following the sale, the chief financial officer directly owned 612,512 shares in the company, valued at $3,638,321.28. The trade was a 13.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 592,697 shares of company stock worth $3,327,816. 3.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EOSE has been the subject of several recent analyst reports. 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 report on Monday, June 2nd. TD Cowen raised their price target on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a report on Friday, August 1st. Wall Street Zen downgraded shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, Stifel Nicolaus lowered their target price on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a research note on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.38.

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.