Eos Energy Enterprises, Inc. (NASDAQ:EOSE) CFO Sells $232,489.68 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) CFO Nathan Kroeker sold 47,254 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $4.92, for a total transaction of $232,489.68. Following the transaction, the chief financial officer owned 491,054 shares in the company, valued at $2,415,985.68. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 7th, Nathan Kroeker sold 24,124 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $5.21, for a total transaction of $125,686.04.
• 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 Down 0.4%

EOSE traded down $0.02 during trading hours on Friday, hitting $4.63. 7,937,525 shares of the company's stock were exchanged, compared to its average volume of 8,681,029. The stock's 50-day moving average is $5.09 and its two-hundred day moving average is $4.89. Eos Energy Enterprises, Inc. has a 1-year low of $1.40 and a 1-year high of $7.36. The stock has a market cap 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 earnings results on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $10.46 million for the quarter, compared to analyst estimates of $11.77 million. On average, equities research analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Institutional Trading of Eos Energy Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in EOSE. Arizona State Retirement System acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $305,000. Bank of America Corp DE boosted its holdings in shares of Eos Energy Enterprises by 165.2% during the 4th quarter. Bank of America Corp DE now owns 213,256 shares of the company's stock valued at $1,036,000 after acquiring an additional 132,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Eos Energy Enterprises in the 4th quarter worth about $1,581,000. Raymond James Financial Inc. acquired a new position in Eos Energy Enterprises in the 4th quarter worth about $315,000. Finally, Swiss National Bank acquired a new position in Eos Energy Enterprises in the 4th quarter worth about $2,071,000. Institutional investors own 54.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Cowen raised shares of Eos Energy Enterprises to a "hold" rating in a research note on Monday, June 23rd. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. 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 research note on Monday, June 2nd. Finally, Stifel Nicolaus decreased 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 research note 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.