6,000 Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,000 shares of the company’s stock, valued at approximately $29,000.

Several other large investors have also modified their holdings of the business. Focused Wealth Management Inc bought a new position in Eos Energy Enterprises in the third quarter worth approximately $46,000. Flagship Private Wealth LLC boosted its position in Eos Energy Enterprises by 204.3% during the third quarter. Flagship Private Wealth LLC now owns 32,766 shares of the company’s stock valued at $97,000 after purchasing an additional 22,000 shares in the last quarter. Canal Insurance CO lifted its position in shares of Eos Energy Enterprises by 20.0% during the third quarter. Canal Insurance CO now owns 120,000 shares of the company’s stock valued at $356,000 after buying an additional 20,000 shares during the last quarter. Hollencrest Capital Management grew its holdings in Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Eos Energy Enterprises during the third quarter worth $174,000. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Trading Down 8.9 %

EOSE opened at $3.98 on Tuesday. The firm has a 50 day moving average of $5.18 and a two-hundred day moving average of $3.68. The firm has a market capitalization of $867.29 million, a PE ratio of -1.65 and a beta of 2.10. Eos Energy Enterprises, Inc. has a 12-month low of $0.61 and a 12-month high of $6.64.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EOSE. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Eos Energy Enterprises has an average rating of “Hold” and an average price target of $4.10.

Eos Energy Enterprises Company 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.