Eos Energy Enterprises (NASDAQ:EOSE) Price Target Lowered to $4.00 at Roth Mkm

Eos Energy Enterprises (NASDAQ:EOSE) had its price target dropped by analysts at Roth Mkm from $4.50 to $4.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 49.81% from the company’s current price.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a $6.00 price target on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.90.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock traded down $0.09 during trading on Thursday, hitting $2.67. The company’s stock had a trading volume of 6,567,967 shares, compared to its average volume of 6,792,158. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $3.66. The stock has a market cap of $578.62 million, a price-to-earnings ratio of -3.87 and a beta of 2.38. The stock has a 50-day moving average price of $2.87 and a two-hundred day moving average price of $1.87.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The company had revenue of $0.90 million for the quarter, compared to the consensus estimate of $4.38 million. On average, equities analysts predict that Eos Energy Enterprises will post -0.76 EPS for the current fiscal year.

Insider Transactions at Eos Energy Enterprises

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were 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 of the company’s stock, valued at $222,513.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Eos Energy Enterprises

Several large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management lifted its position in Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after acquiring an additional 7,500 shares in the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth approximately $46,000. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $46,000 after purchasing an additional 18,735 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Eos Energy Enterprises by 40.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock worth $89,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth approximately $59,000. Institutional investors 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.