12,635 Shares in Eos Energy Enterprises, Inc. $EOSE Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,635 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Eos Energy Enterprises by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock valued at $39,171,000 after purchasing an additional 59,762 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Eos Energy Enterprises by 36.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company’s stock worth $14,744,000 after acquiring an additional 1,050,128 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Eos Energy Enterprises in the 1st quarter worth about $13,456,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Eos Energy Enterprises by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286,648 shares of the company’s stock valued at $12,925,000 after buying an additional 50,117 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Eos Energy Enterprises by 55.1% during the first quarter. Millennium Management LLC now owns 2,522,273 shares of the company’s stock valued at $9,534,000 after buying an additional 896,471 shares during the last quarter. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Eos Energy Enterprises Trading Up 11.9%

NASDAQ:EOSE opened at $16.03 on Monday. The company has a market cap of $4.17 billion, a PE ratio of -3.07 and a beta of 2.32. Eos Energy Enterprises, Inc. has a twelve month low of $2.06 and a twelve month high of $19.05. The company’s 50 day moving average is $11.36 and its two-hundred day moving average is $7.49.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EOSE shares. Zacks Research cut Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. B. Riley lifted their target price on Eos Energy Enterprises from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Jefferies Financial Group started coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They issued a “hold” rating and a $6.50 price target on the stock. Roth Capital set a $12.00 target price on shares of Eos Energy Enterprises and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, TD Cowen increased their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of “Hold” and a consensus price target of $11.36.

Insider Activity at Eos Energy Enterprises

In related news, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total transaction of $395,000.00. Following the completion of the transaction, the director owned 133,794 shares of the company’s stock, valued at $1,056,972.60. This trade represents a 27.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sumeet Puri sold 40,501 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $7.11, for a total value of $287,962.11. Following the completion of the sale, the chief accounting officer owned 164,290 shares in the company, valued at $1,168,101.90. The trade was a 19.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.30% of the company’s stock.

Eos Energy Enterprises 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.