James Investment Research Inc. Raises Stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

James Investment Research Inc. increased its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 50.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,339 shares of the company’s stock after acquiring an additional 39,854 shares during the quarter. James Investment Research Inc. owned about 0.06% of Eos Energy Enterprises worth $351,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EOSE. Ground Swell Capital LLC bought a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $34,000. Scientech Research LLC bought a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $36,000. Price T Rowe Associates Inc. MD boosted its position in shares of Eos Energy Enterprises by 74.4% in the first 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 period. Venture Visionary Partners LLC bought a new position in shares of Eos Energy Enterprises in the third quarter valued at approximately $59,000. Finally, Duncan Williams Asset Management LLC bought a new position in shares of Eos Energy Enterprises in the third quarter valued at approximately $62,000. 54.87% of the stock is currently owned by institutional investors.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock opened at $3.15 on Friday. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $3.66. The firm has a market cap of $682.63 million, a PE ratio of -4.57 and a beta of 2.38. The company has a 50 day simple moving average of $2.83 and a two-hundred day simple moving average of $1.81.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.11). The business had revenue of $0.90 million for the quarter, compared to analyst estimates of $4.38 million. As a group, research analysts anticipate that Eos Energy Enterprises, Inc. will post -0.78 earnings per share for the current year.

Insiders Place Their Bets

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of Eos Energy Enterprises stock in a transaction that occurred on 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 directly owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Joe Mastrangelo bought 52,800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $1.43 per share, with a total value of $75,504.00. Following the completion of the purchase, the chief executive officer now directly owns 909,793 shares in the company, valued at $1,301,003.99. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey S. Bornstein sold 30,000 shares of Eos Energy Enterprises stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the transaction, the director now directly owns 84,929 shares in the company, valued at approximately $222,513.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and issued a $6.00 price objective on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Eos Energy Enterprises has an average rating of “Moderate Buy” and a consensus price target of $3.67.

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.