State of New Jersey Common Pension Fund D Purchases Shares of 160,004 Eos Energy Enterprises, Inc. $EOSE

State of New Jersey Common Pension Fund D acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 160,004 shares of the company’s stock, valued at approximately $1,834,000.

Several other large investors also recently modified their holdings of the stock. Chung Wu Investment Group LLC bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth about $30,000. TD Waterhouse Canada Inc. raised its holdings in Eos Energy Enterprises by 178.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,119 shares of the company’s stock valued at $36,000 after acquiring an additional 2,000 shares during the period. GAMMA Investing LLC lifted its position in Eos Energy Enterprises by 46.4% during the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock worth $37,000 after acquiring an additional 1,036 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Eos Energy Enterprises by 33.0% in the third quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock valued at $38,000 after purchasing an additional 825 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in Eos Energy Enterprises by 27,450.0% during the 4th quarter. FNY Investment Advisers LLC now owns 3,857 shares of the company’s stock worth $44,000 after purchasing an additional 3,843 shares during the last quarter. 54.87% of the stock is owned by institutional investors.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, CEO Joe Mastrangelo bought 60,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $5.75 per share, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,463,226 shares in the company, valued at approximately $8,413,549.50. The trade was a 4.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David Urban bought 16,250 shares of the stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $6.16 per share, with a total value of $100,100.00. Following the purchase, the director owned 62,471 shares of the company’s stock, valued at approximately $384,821.36. This represents a 35.16% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 115,150 shares of company stock valued at $692,962. Corporate insiders own 1.73% of the company’s stock.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE opened at $8.01 on Monday. The firm has a 50 day moving average of $6.08 and a 200-day moving average of $11.32. The stock has a market capitalization of $2.72 billion, a PE ratio of -1.14 and a beta of 2.56. Eos Energy Enterprises, Inc. has a 12 month low of $3.69 and a 12 month high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.64). The company had revenue of $58.00 million for the quarter, compared to analyst estimates of $93.36 million. On average, research analysts predict that Eos Energy Enterprises, Inc. will post -0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

EOSE has been the subject of a number of research reports. Roth Mkm dropped their target price on Eos Energy Enterprises from $12.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Guggenheim reiterated a “neutral” rating and issued a $20.00 price objective on shares of Eos Energy Enterprises in a research note on Friday, February 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Tuesday, April 21st. Wall Street Zen cut shares of Eos Energy Enterprises from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Finally, JPMorgan Chase & Co. reduced their price target on Eos Energy Enterprises from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Eos Energy Enterprises has a consensus rating of “Hold” and an average target price of $10.64.

Eos Energy Enterprises Profile

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company’s core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company’s flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.