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

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 the company's stock in a transaction on 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 directly owned 219,452 shares in the company, valued at approximately $1,316,712. The trade was a 17.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eos Energy Enterprises Price Performance

EOSE traded down $0.19 during trading on Friday, reaching $6.37. 11,387,927 shares of the stock were exchanged, compared to its average volume of 16,535,208. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -1.22 and a beta of 2.07. Eos Energy Enterprises, Inc. has a 1 year low of $1.40 and a 1 year high of $7.36. The business's 50 day moving average price is $5.05 and its two-hundred day moving average price is $4.98.

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 for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.88). The firm had revenue of $15.24 million for the quarter, compared to analyst estimates of $24.96 million. On average, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Institutional Trading of Eos Energy Enterprises

Several institutional investors have recently made changes to their positions in EOSE. Bank of America Corp DE lifted its holdings in Eos Energy Enterprises by 165.2% in the 4th quarter. Bank of America Corp DE now owns 213,256 shares of the company's stock worth $1,036,000 after buying an additional 132,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter worth about $1,581,000. Raymond James Financial Inc. acquired a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $315,000. EVR Research LP acquired a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $1,993,000. Finally, California State Teachers Retirement System purchased a new position in Eos Energy Enterprises in the fourth quarter valued at about $908,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Guggenheim decreased their price objective on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Monday, June 2nd. TD Cowen increased 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. Wall Street Zen lowered Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating for the company in a report on Monday, June 9th. 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 company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.38.

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.