B. Riley Wealth Advisors Inc. Has $122,000 Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Posted by on Oct 25th, 2023

B. Riley Wealth Advisors Inc. reduced its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Free Report) by 76.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,115 shares of the company’s stock after selling 91,925 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Eos Energy Enterprises were worth $122,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Eos Energy Enterprises in the 1st quarter valued at about $34,000. Bayesian Capital Management LP acquired a new stake in shares of Eos Energy Enterprises in the 1st quarter valued at about $36,000. UBS Group AG grew its stake in shares of Eos Energy Enterprises by 2,460.0% in the 4th quarter. UBS Group AG now owns 27,699 shares of the company’s stock valued at $41,000 after buying an additional 26,617 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at about $45,000. Finally, Two Sigma Advisers LP grew its stake in shares of Eos Energy Enterprises by 92.3% in the 1st quarter. Two Sigma Advisers LP now owns 20,000 shares of the company’s stock valued at $51,000 after buying an additional 9,600 shares during the period. 65.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eos Energy Enterprises

In other news, Director Claude Demby sold 20,143 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $2.78, for a total transaction of $55,997.54. Following the completion of the sale, the director now owns 62,012 shares in the company, valued at approximately $172,393.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Claude Demby sold 20,143 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $2.78, for a total transaction of $55,997.54. Following the completion of the sale, the director now owns 62,012 shares in the company, valued at approximately $172,393.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joe Mastrangelo purchased 36,500 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were bought at an average price of $2.05 per share, with a total value of $74,825.00. Following the purchase, the chief executive officer now owns 590,799 shares in the company, valued at $1,211,137.95. The disclosure for this purchase can be found here. Insiders purchased a total of 76,699 shares of company stock worth $163,649 in the last quarter. Insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

EOSE has been the subject of several research reports. B. Riley raised their target price on Eos Energy Enterprises from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, September 1st. Evercore ISI raised their price target on shares of Eos Energy Enterprises from $4.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Eos Energy Enterprises in a research report on Friday, July 28th. Guggenheim raised shares of Eos Energy Enterprises from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, September 1st. Finally, Stifel Nicolaus raised their price target on shares of Eos Energy Enterprises from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.90.

Check Out Our Latest Stock Analysis on EOSE

Eos Energy Enterprises Stock Down 1.3 %

Eos Energy Enterprises stock opened at $1.58 on Wednesday. Eos Energy Enterprises, Inc. has a 52 week low of $0.96 and a 52 week high of $5.67. The company’s 50 day moving average price is $2.52 and its two-hundred day moving average price is $2.72. The stock has a market cap of $211.70 million, a P/E ratio of -0.42 and a beta of 2.76.

Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last posted its earnings results on Monday, August 14th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.25). The business had revenue of $0.25 million for the quarter, compared to analysts’ expectations of $1.52 million. On average, equities analysts anticipate that Eos Energy Enterprises, Inc. will post -1.8 EPS for the current year.

Eos Energy Enterprises Profile

(Free Report)

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. The company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.

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Institutional Ownership by Quarter for Eos Energy Enterprises (NASDAQ:EOSE)

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