Eos Energy Enterprises, Inc. (NASDAQ:EOSE) General Counsel Michael W. Silberman Sells 100,943 Shares

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) General Counsel Michael W. Silberman sold 100,943 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $6.86, for a total transaction of $692,468.98. Following the transaction, the general counsel now directly owns 161,404 shares in the company, valued at approximately $1,107,231.44. The trade was a 38.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eos Energy Enterprises Trading Down 1.8%

NASDAQ:EOSE opened at $6.98 on Friday. The company has a market cap of $1.58 billion, a P/E ratio of -2.90 and a beta of 2.11. Eos Energy Enterprises, Inc. has a twelve month low of $0.66 and a twelve month high of $7.36. The company’s 50-day moving average price is $4.75 and its 200-day moving average price is $4.42.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The business had revenue of $10.46 million for the quarter, compared to the consensus estimate of $11.77 million. On average, analysts expect that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EOSE shares. Guggenheim restated a “buy” rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Finally, Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $6.00.

Institutional Investors Weigh In On Eos Energy Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System purchased a new stake in Eos Energy Enterprises in the 4th quarter valued at $305,000. FourThought Financial Partners LLC purchased a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at about $1,335,000. Raymond James Financial Inc. acquired a new stake in Eos Energy Enterprises during the fourth quarter worth about $315,000. Swiss National Bank purchased a new position in Eos Energy Enterprises during the fourth quarter worth about $2,071,000. Finally, Barings LLC raised its stake in Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company’s stock worth $11,681,000 after purchasing an additional 1,204,430 shares during the period. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Company Profile

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.