Nathan Kroeker Sells 24,124 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) CFO Nathan Kroeker sold 24,124 shares of Eos Energy Enterprises stock in a transaction on Monday, July 7th. The stock was sold at an average price of $5.21, for a total transaction of $125,686.04. Following the sale, the chief financial officer owned 538,308 shares in the company, valued at $2,804,584.68. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nathan Kroeker also recently made the following trade(s):

• On Tuesday, July 8th, Nathan Kroeker sold 47,254 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $4.92, for a total transaction of $232,489.68.
• On Friday, May 16th, Nathan Kroeker sold 152,856 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $6.86, for a total transaction of $1,048,592.16.

Eos Energy Enterprises Stock Performance

Eos Energy Enterprises stock traded down $0.36 during midday trading on Tuesday, hitting $4.79. 15,724,943 shares of the company's stock were exchanged, compared to its average volume of 8,698,290. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -1.08 and a beta of 2.01. The firm's 50 day simple moving average is $5.14 and its 200 day simple moving average is $4.89. Eos Energy Enterprises, Inc. has a 12-month low of $1.40 and a 12-month high of $7.36.

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

Wall Street Analysts Forecast Growth

EOSE has been the topic of several research analyst reports. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday. Stifel Nicolaus lowered their price objective on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a research report on Monday, June 9th. TD Cowen raised shares of Eos Energy Enterprises to a "hold" rating in a research report on Monday, June 23rd. Finally, Guggenheim lowered 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 research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Eos Energy Enterprises presently has a consensus rating of "Hold" and an average price target of $6.50.

Institutional Trading of Eos Energy Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in EOSE. Bank of New York Mellon Corp boosted its holdings in shares of Eos Energy Enterprises by 154.9% in the fourth quarter. Bank of New York Mellon Corp now owns 48,374 shares of the company's stock valued at $235,000 after acquiring an additional 29,393 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at about $305,000. Raymond James Financial Inc. acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at about $315,000. Amundi acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at about $253,000. Finally, Daiwa Securities Group Inc. acquired a new position in Eos Energy Enterprises during the fourth quarter worth about $101,000. Hedge funds and other institutional investors own 54.87% of the company's stock.

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.

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