Mirae Asset Global Investments Co. Ltd. Has $4.64 Million Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,258,058 shares of the company’s stock after buying an additional 843,918 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Eos Energy Enterprises were worth $4,641,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EOSE. Itau Unibanco Holding S.A. acquired a new position in shares of Eos Energy Enterprises during the second quarter worth approximately $32,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Eos Energy Enterprises during the first quarter valued at approximately $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Eos Energy Enterprises during the third quarter valued at approximately $35,000. Bayesian Capital Management LP bought a new stake in shares of Eos Energy Enterprises during the first quarter valued at approximately $36,000. Finally, Powell Investment Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the third quarter valued at approximately $39,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE opened at $0.83 on Tuesday. The business’s fifty day moving average price is $1.00 and its two-hundred day moving average price is $1.21. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $5.67. The stock has a market capitalization of $168.58 million, a price-to-earnings ratio of -0.39 and a beta of 2.23.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. The company had revenue of $6.61 million during the quarter. Research analysts expect that Eos Energy Enterprises, Inc. will post -0.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI lowered their price objective on Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 6th. Guggenheim lowered their price objective on Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.08.

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.