Cookson Peirce & Co. Inc. Takes $87,000 Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Cookson Peirce & Co. Inc. bought a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 80,000 shares of the company’s stock, valued at approximately $87,000. Cookson Peirce & Co. Inc. owned 0.05% of Eos Energy Enterprises at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Eos Energy Enterprises in the second quarter worth about $32,000. Deutsche Bank AG boosted its holdings in shares of Eos Energy Enterprises by 15.3% in the third quarter. Deutsche Bank AG now owns 55,959 shares of the company’s stock worth $120,000 after buying an additional 7,440 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Eos Energy Enterprises in the second quarter worth about $39,000. Two Sigma Advisers LP boosted its holdings in shares of Eos Energy Enterprises by 92.3% in the first quarter. Two Sigma Advisers LP now owns 20,000 shares of the company’s stock worth $51,000 after buying an additional 9,600 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Eos Energy Enterprises by 3.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 287,779 shares of the company’s stock worth $619,000 after buying an additional 9,616 shares during the period. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on EOSE shares. Guggenheim decreased their price target on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Evercore ISI decreased their price target on shares of Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.08.

Eos Energy Enterprises Stock Performance

Shares of EOSE opened at $0.82 on Thursday. The firm has a market cap of $166.94 million, a PE ratio of -0.38 and a beta of 2.23. The firm’s 50 day moving average price is $0.99 and its 200 day moving average price is $1.20. Eos Energy Enterprises, Inc. has a twelve month low of $0.73 and a twelve month high of $5.67.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.06. The business had revenue of $6.61 million for the quarter. On average, sell-side analysts anticipate that Eos Energy Enterprises, Inc. will post -0.63 earnings per share for the current fiscal year.

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.