Venture Visionary Partners LLC Takes $59,000 Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Venture Visionary Partners LLC bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds have also recently modified their holdings of EOSE. Ground Swell Capital LLC bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter valued at $34,000. Scientech Research LLC bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter valued at $36,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Eos Energy Enterprises by 74.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after buying an additional 18,735 shares in the last quarter. Duncan Williams Asset Management LLC bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter valued at $62,000. Finally, Powell Investment Advisors LLC raised its position in shares of Eos Energy Enterprises by 52.2% in the 1st quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock worth $72,000 after purchasing an additional 24,000 shares during the last quarter. Institutional investors own 54.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EOSE shares. Roth Mkm reaffirmed a “buy” rating and issued a $4.50 price target on shares of Eos Energy Enterprises in a research report on Friday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.00 price target on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE opened at $3.07 on Thursday. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $3.66. The business has a 50-day simple moving average of $2.64 and a two-hundred day simple moving average of $1.68. The firm has a market cap of $638.95 million, a price-to-earnings ratio of -1.97 and a beta of 2.40.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The business had revenue of $0.90 million during the quarter, compared to analyst estimates of $4.38 million. As a group, research analysts predict that Eos Energy Enterprises, Inc. will post -0.78 earnings per share for the current year.

Insider Activity

In other Eos Energy Enterprises news, CEO Joe Mastrangelo purchased 52,800 shares of Eos Energy Enterprises stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $1.43 per share, with a total value of $75,504.00. Following the transaction, the chief executive officer now directly owns 909,793 shares of the company’s stock, valued at $1,301,003.99. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the sale, the director now owns 84,929 shares of the company’s stock, valued at $222,513.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joe Mastrangelo acquired 52,800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $1.43 per share, with a total value of $75,504.00. Following the completion of the purchase, the chief executive officer now owns 909,793 shares in the company, valued at $1,301,003.99. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.06% 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.