Eos Energy Enterprises (NASDAQ:EOSE) Given New $4.00 Price Target at Roth Mkm

Eos Energy Enterprises (NASDAQ:EOSE) had its price objective trimmed by Roth Mkm from $4.50 to $4.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.90.

Eos Energy Enterprises Trading Down 3.3 %

Shares of NASDAQ EOSE opened at $2.67 on Thursday. The stock has a market cap of $578.61 million, a price-to-earnings ratio of -1.11 and a beta of 2.38. The company’s 50-day moving average price is $2.87 and its 200 day moving average price is $1.89. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $3.66.

Insider Buying and Selling

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the transaction, the director now owns 84,929 shares in the company, valued at $222,513.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eos Energy Enterprises

A number of institutional investors have recently added to or reduced their stakes in EOSE. Millennium Management LLC increased its holdings in Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock worth $4,018,000 after purchasing an additional 3,109,880 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Eos Energy Enterprises by 6.6% in the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock worth $9,657,000 after buying an additional 580,022 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Eos Energy Enterprises in the second quarter valued at $216,000. B. Riley Wealth Advisors Inc. raised its holdings in Eos Energy Enterprises by 940.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock valued at $284,000 after acquiring an additional 249,265 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Eos Energy Enterprises by 74.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after acquiring an additional 18,735 shares during the last quarter. Institutional investors and hedge funds 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.