Insider Selling: Eos Energy Enterprises (NASDAQ:EOSE) Insider Sells $371,001.12 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSEGet Free Report) insider Nathan Kroeker sold 110,417 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $3.36, for a total transaction of $371,001.12. Following the sale, the insider owned 887,527 shares in the company, valued at $2,982,090.72. The trade was a 11.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Tuesday, July 7th, Nathan Kroeker sold 79,309 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $4.68, for a total transaction of $371,166.12.
  • On Tuesday, June 30th, Nathan Kroeker sold 35,289 shares of Eos Energy Enterprises stock. The shares were sold at an average price of $5.86, for a total transaction of $206,793.54.

Eos Energy Enterprises Stock Down 6.6%

Shares of NASDAQ EOSE traded down $0.24 during midday trading on Tuesday, hitting $3.37. The company had a trading volume of 31,191,773 shares, compared to its average volume of 25,376,746. Eos Energy Enterprises, Inc. has a twelve month low of $3.21 and a twelve month high of $19.86. The business has a 50-day simple moving average of $6.19 and a two-hundred day simple moving average of $8.21. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -0.50 and a beta of 2.68.

Eos Energy Enterprises (NASDAQ:EOSEGet Free Report) last issued its earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.34. The company had revenue of $56.96 million for the quarter, compared to analyst estimates of $54.32 million. On average, equities analysts forecast that Eos Energy Enterprises, Inc. will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EOSE shares. Needham & Company LLC started coverage on Eos Energy Enterprises in a report on Friday, May 22nd. They issued a “buy” rating and a $11.00 price target on the stock. TD Cowen lifted their price objective on Eos Energy Enterprises from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday, May 14th. Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Zacks Research upgraded Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Eos Energy Enterprises from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.17.

Check Out Our Latest Stock Analysis on Eos Energy Enterprises

Hedge Funds Weigh In On Eos Energy Enterprises

Hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC raised its holdings in shares of Eos Energy Enterprises by 2.2% in the fourth quarter. Inspire Investing LLC now owns 41,442 shares of the company’s stock worth $475,000 after acquiring an additional 882 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Eos Energy Enterprises by 58.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Eos Energy Enterprises by 46.4% during the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Eos Energy Enterprises by 6.5% during the third quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company’s stock worth $195,000 after buying an additional 1,049 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Eos Energy Enterprises by 33.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock valued at $66,000 after buying an additional 1,425 shares during the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Company Profile

(Get Free Report)

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company’s core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company’s flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.

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