Schonfeld Strategic Advisors LLC Buys Shares of 269,597 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Schonfeld Strategic Advisors LLC bought a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 269,597 shares of the company's stock, valued at approximately $1,310,000. Schonfeld Strategic Advisors LLC owned 0.12% of Eos Energy Enterprises at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new position in Eos Energy Enterprises in the fourth quarter valued at $29,000. R Squared Ltd purchased a new position in shares of Eos Energy Enterprises during the fourth quarter worth about $31,000. Carmel Capital Partners LLC acquired a new position in Eos Energy Enterprises in the 4th quarter valued at about $49,000. Lake Street Private Wealth LLC purchased a new stake in Eos Energy Enterprises during the 4th quarter valued at approximately $51,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Eos Energy Enterprises during the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 54.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EOSE. Cowen reissued a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Guggenheim reiterated a "buy" rating and issued a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Capital cut shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Roth Mkm cut shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and raised their target price for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Eos Energy Enterprises presently has a consensus rating of "Hold" and a consensus target price of $4.70.

Eos Energy Enterprises Price Performance

Shares of EOSE stock traded up $0.08 during midday trading on Monday, reaching $6.29. 3,054,793 shares of the company traded hands, compared to its average volume of 7,607,648. The firm has a market cap of $1.43 billion, a PE ratio of -2.60 and a beta of 2.11. The firm's 50 day simple moving average is $4.50 and its two-hundred day simple moving average is $4.31. Eos Energy Enterprises, Inc. has a 1-year low of $0.66 and a 1-year high of $6.89.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.01). The business had revenue of $10.46 million during the quarter, compared to the consensus estimate of $11.77 million. As a group, research analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

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.