Zeo Energy (NASDAQ:ZEO) Stock Price Down 4.9% - Time to Sell?

Key Points

• Zeo Energy's stock has declined by 4.9%, trading as low as $1.32 during mid-day, with a significant drop in trading volume.
• Recently, insiders sold a combined total of 176,726 shares of the company's stock, indicating potential concern among corporate officers.
• A hedge fund, Geode Capital Management LLC, increased its stake by 98.2% during the second quarter, highlighting some institutional confidence in the company's prospects.

Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report)'s stock price was down 4.9% during mid-day trading on Tuesday . The stock traded as low as $1.32 and last traded at $1.35. Approximately 122,258 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 537,901 shares. The stock had previously closed at $1.42.

Zeo Energy Stock Down 4.9%

The business has a fifty day simple moving average of $1.84 and a two-hundred day simple moving average of $2.02. The company has a market capitalization of $74.02 million, a price-to-earnings ratio of -1.90 and a beta of -0.15.

Zeo Energy (NASDAQ:ZEO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $18.10 million during the quarter.

Insider Buying and Selling at Zeo Energy

In other news, insider Brandon Bridgewater sold 26,636 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $1.61, for a total value of $42,883.96. Following the sale, the insider owned 2,956,637 shares of the company's stock, valued at approximately $4,760,185.57. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kalen Larsen sold 26,636 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $1.61, for a total transaction of $42,883.96. Following the sale, the chief operating officer owned 2,411,637 shares of the company's stock, valued at $3,882,735.57. This trade represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,726 shares of company stock worth $294,173 in the last 90 days. 56.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zeo Energy

A hedge fund recently raised its stake in Zeo Energy stock. Geode Capital Management LLC grew its stake in Zeo Energy Corp. (NASDAQ:ZEO - Free Report) by 98.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,670 shares of the company's stock after acquiring an additional 86,047 shares during the period. Geode Capital Management LLC owned 0.35% of Zeo Energy worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Zeo Energy Company Profile

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes.

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