Cambridge Investment Research Advisors Inc. Has $125,000 Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 16.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,053 shares of the company’s stock after buying an additional 4,767 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Eos Energy Enterprises were worth $125,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EOSE. Stifel Financial Corp lifted its stake in Eos Energy Enterprises by 6.4% in the 4th quarter. Stifel Financial Corp now owns 4,978,078 shares of the company’s stock valued at $24,193,000 after purchasing an additional 297,909 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Eos Energy Enterprises by 61,220.5% during the 4th quarter. Legal & General Group Plc now owns 4,804,461 shares of the company’s stock worth $23,350,000 after buying an additional 4,796,626 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Eos Energy Enterprises during the 4th quarter valued at approximately $16,632,000. Geode Capital Management LLC lifted its stake in Eos Energy Enterprises by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company’s stock valued at $12,205,000 after purchasing an additional 41,440 shares during the last quarter. Finally, Brightline Capital Management LLC boosted its position in Eos Energy Enterprises by 1.2% in the fourth quarter. Brightline Capital Management LLC now owns 1,659,000 shares of the company’s stock valued at $8,063,000 after buying an additional 19,000 shares in the last quarter. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on EOSE. Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. TD Cowen raised Eos Energy Enterprises to a “hold” rating in a research note on Monday, June 23rd. Guggenheim decreased their target price on Eos Energy Enterprises from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, June 2nd. Finally, Stifel Nicolaus decreased their target price on Eos Energy Enterprises from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.50.

Insiders Place Their Bets

In other Eos Energy Enterprises news, CEO Joe Mastrangelo sold 127,152 shares of the business’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $4.92, for a total value of $625,587.84. Following the sale, the chief executive officer directly owned 1,236,560 shares in the company, valued at $6,083,875.20. The trade was a 9.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sumeet Puri sold 36,173 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.86, for a total transaction of $248,146.78. Following the sale, the chief accounting officer directly owned 95,624 shares in the company, valued at approximately $655,980.64. This trade represents a 27.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 758,886 shares of company stock valued at $4,827,806. 3.63% of the stock is owned by insiders.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE opened at $5.37 on Tuesday. Eos Energy Enterprises, Inc. has a 52-week low of $1.40 and a 52-week high of $7.36. The business’s 50 day simple moving average is $5.09 and its two-hundred day simple moving average is $4.89. The firm has a market cap of $1.22 billion, a P/E ratio of -1.21 and a beta of 2.01.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Tuesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The firm had revenue of $10.46 million during the quarter, compared to the consensus estimate of $11.77 million. On average, equities analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 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.