Wiley BROS. Aintree Capital LLC Invests $92,000 in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Wiley BROS. Aintree Capital LLC acquired a new position in shares of 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 21,100 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds have also modified their holdings of EOSE. Cambridge Investment Research Advisors Inc. acquired a new stake in Eos Energy Enterprises during the first quarter worth approximately $34,000. Bayesian Capital Management LP acquired a new position in shares of Eos Energy Enterprises in the 1st quarter valued at $36,000. UBS Group AG boosted its holdings in shares of Eos Energy Enterprises by 2,460.0% in the 4th quarter. UBS Group AG now owns 27,699 shares of the company’s stock valued at $41,000 after purchasing an additional 26,617 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Eos Energy Enterprises in the 4th quarter valued at $45,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Eos Energy Enterprises by 92.3% in the 1st quarter. Two Sigma Advisers LP now owns 20,000 shares of the company’s stock valued at $51,000 after purchasing an additional 9,600 shares during the last quarter. 65.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EOSE has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Eos Energy Enterprises from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, September 1st. Seaport Res Ptn reiterated a “buy” rating on shares of Eos Energy Enterprises in a report on Friday, July 28th. TD Cowen initiated coverage on shares of Eos Energy Enterprises in a report on Friday, June 2nd. They issued a “market perform” rating and a $2.50 price target on the stock. Guggenheim upgraded shares of Eos Energy Enterprises from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, September 1st. Finally, Evercore ISI lifted their target price on shares of Eos Energy Enterprises from $4.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Eos Energy Enterprises currently has a consensus rating of “Moderate Buy” and an average price target of $9.90.

Insider Buying and Selling

In other news, CEO Joe Mastrangelo purchased 31,199 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average price of $2.23 per share, with a total value of $69,573.77. Following the purchase, the chief executive officer now directly owns 554,299 shares of the company’s stock, valued at approximately $1,236,086.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Joe Mastrangelo purchased 31,199 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average price of $2.23 per share, with a total value of $69,573.77. Following the purchase, the chief executive officer now directly owns 554,299 shares of the company’s stock, valued at approximately $1,236,086.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Claude Demby sold 20,143 shares of Eos Energy Enterprises stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $2.78, for a total transaction of $55,997.54. Following the sale, the director now directly owns 62,012 shares in the company, valued at approximately $172,393.36. The disclosure for this sale can be found here. Insiders have bought 40,199 shares of company stock valued at $88,824 in the last quarter. Company insiders own 7.09% of the company’s stock.

Eos Energy Enterprises Stock Performance

NASDAQ:EOSE opened at $2.60 on Friday. The firm’s fifty day simple moving average is $3.09 and its 200 day simple moving average is $2.74. Eos Energy Enterprises, Inc. has a twelve month low of $0.95 and a twelve month high of $5.66.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Monday, August 14th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.25). The company had revenue of $0.25 million for the quarter, compared to analyst estimates of $1.52 million. Sell-side analysts anticipate that Eos Energy Enterprises, Inc. will post -1.8 earnings per share for the current year.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. The company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.