Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Alexander Dimitrief Sells 45,000 Shares

Key Points

• Director Alexander Dimitrief sold 45,000 shares of Eos Energy Enterprises, amounting to $270,000, which decreased his ownership by 17.02%.
• Eos Energy Enterprises' stock is currently trading at $6.51, a 4.8% increase from previous values, with a 52-week range of $1.39 to $7.36.
($1.05) compared to analysts' expectations of ($0.17), alongside revenue of $15.24 million against anticipated $24.96 million.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) Director Alexander Dimitrief sold 45,000 shares of Eos Energy Enterprises stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $6.00, for a total value of $270,000.00. Following the completion of the transaction, the director owned 219,452 shares in the company, valued at approximately $1,316,712. This represents a 17.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Eos Energy Enterprises Trading Up 1.5%

Eos Energy Enterprises stock traded up $0.10 during trading on Thursday, hitting $6.56. 15,660,780 shares of the company were exchanged, compared to its average volume of 10,564,275. The company has a market capitalization of $1.49 billion, a P/E ratio of -1.26 and a beta of 2.07. The business's 50 day moving average is $4.96 and its 200 day moving average is $4.97. Eos Energy Enterprises, Inc. has a 52 week low of $1.39 and a 52 week high of $7.36.

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 analysts' consensus estimates of ($0.17) by ($0.88). The business had revenue of $15.24 million during the quarter, compared to analysts' expectations of $24.96 million. Equities analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EOSE. TD Cowen boosted their price target on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Guggenheim reduced their price target on Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Monday, June 2nd. Stifel Nicolaus reduced their price target on Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a report on Monday, June 9th. Finally, Wall Street Zen cut Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $6.38.

Institutional Trading of Eos Energy Enterprises

Institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc bought a new stake in shares of Eos Energy Enterprises in the 2nd quarter worth approximately $63,000. Flagship Private Wealth LLC increased its position in Eos Energy Enterprises by 19.6% during the second quarter. Flagship Private Wealth LLC now owns 82,855 shares of the company's stock valued at $424,000 after acquiring an additional 13,564 shares during the last quarter. Bank of Montreal Can purchased a new stake in Eos Energy Enterprises during the second quarter valued at $2,061,000. Integrity Alliance LLC. increased its position in Eos Energy Enterprises by 73.3% during the second quarter. Integrity Alliance LLC. now owns 52,000 shares of the company's stock valued at $266,000 after acquiring an additional 22,000 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in Eos Energy Enterprises during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 54.87% of the company's stock.

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.