Jag Capital Management LLC Makes New Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Jag Capital Management LLC purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,350 shares of the company’s stock, valued at approximately $293,000.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust purchased a new stake in Eos Energy Enterprises during the 4th quarter worth about $29,000. R Squared Ltd acquired a new position in shares of Eos Energy Enterprises during the 4th quarter worth about $31,000. Hollencrest Capital Management boosted its position in shares of Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after acquiring an additional 7,500 shares in the last quarter. Lake Street Private Wealth LLC acquired a new position in shares of Eos Energy Enterprises during the 4th quarter worth about $51,000. Finally, WESPAC Advisors LLC acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports 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 cut Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eos Energy Enterprises has a consensus rating of “Hold” and an average target price of $4.10.

Eos Energy Enterprises Stock Down 8.9 %

Shares of NASDAQ EOSE opened at $3.98 on Tuesday. The stock has a market cap of $867.29 million, a PE ratio of -1.65 and a beta of 2.10. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $6.64. The business has a 50-day moving average price of $5.18 and a 200 day moving average price of $3.68.

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.