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 the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $5.21, for a total value of $125,686.04. Following the completion of the transaction, the chief financial officer owned 538,308 shares in the company, valued at $2,804,584.68. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value of $232,489.68.
• On Friday, May 16th, Nathan Kroeker sold 152,856 shares of Eos Energy Enterprises stock. The shares were 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 $0.02 during trading hours on Friday, reaching $4.63. 7,937,525 shares of the company's stock traded hands, compared to its average volume of 8,681,029. The firm's 50 day moving average is $5.09 and its 200-day moving average is $4.89. Eos Energy Enterprises, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $7.36. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -1.05 and a beta of 2.01.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.20) earnings per share 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 analysts' expectations of $11.77 million. Analysts predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Institutional Investors Weigh In On Eos Energy Enterprises

Several hedge funds have recently bought and sold shares of EOSE. Bank of New York Mellon Corp boosted its holdings in 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 during the last quarter. Arizona State Retirement System purchased a new position in Eos Energy Enterprises in the fourth quarter valued at approximately $305,000. Raymond James Financial Inc. purchased a new stake in shares of Eos Energy Enterprises during the 4th quarter valued at approximately $315,000. Amundi purchased a new position in Eos Energy Enterprises during the 4th quarter valued at about $253,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Eos Energy Enterprises in the fourth quarter worth $101,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOSE has been the subject of several research reports. TD Cowen upgraded Eos Energy Enterprises to a "hold" rating in a research note on Monday, June 23rd. Guggenheim reduced their price target on Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating for the company in a report on Monday, June 2nd. Wall Street Zen downgraded shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Stifel Nicolaus cut their price objective 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. One equities 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $6.50.

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.