Flagship Private Wealth LLC Purchases 22,525 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Flagship Private Wealth LLC increased its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 68.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,291 shares of the company’s stock after buying an additional 22,525 shares during the period. Flagship Private Wealth LLC’s holdings in Eos Energy Enterprises were worth $269,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EOSE. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eos Energy Enterprises during the 4th quarter worth approximately $58,000. Lake Street Private Wealth LLC acquired a new position in shares of Eos Energy Enterprises in the 4th quarter valued at $51,000. Tidal Investments LLC acquired a new stake in Eos Energy Enterprises during the 3rd quarter worth $993,000. Virtu Financial LLC bought a new position in Eos Energy Enterprises during the third quarter worth about $206,000. Finally, Geode Capital Management LLC grew its stake in Eos Energy Enterprises by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after acquiring an additional 376,494 shares during the period. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Performance

Shares of Eos Energy Enterprises stock opened at $6.08 on Friday. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $6.64. The business’s 50 day simple moving average is $4.22 and its 200 day simple moving average is $3.08. The firm has a market cap of $1.32 billion, a PE ratio of -2.52 and a beta of 2.09.

Analyst Ratings Changes

Separately, Roth Mkm decreased their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.90.

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.