Flagship Private Wealth LLC Has $269,000 Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Flagship Private Wealth LLC boosted its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 68.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,291 shares of the company’s stock after acquiring 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.

A number of other hedge funds also recently bought and sold shares of EOSE. Hollencrest Capital Management increased its position in Eos Energy Enterprises by 1,000.0% during the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after acquiring an additional 7,500 shares during the period. Lake Street Private Wealth LLC bought a new position in shares of Eos Energy Enterprises during the 4th quarter worth about $51,000. WESPAC Advisors LLC acquired a new position in shares of Eos Energy Enterprises during the third quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at about $58,000. Finally, Focused Wealth Management Inc bought a new stake in shares of Eos Energy Enterprises in the third quarter valued at about $46,000. 54.87% of the stock is currently owned by institutional investors.

Eos Energy Enterprises Stock Down 1.8 %

Shares of NASDAQ:EOSE opened at $6.08 on Friday. The firm has a market cap of $1.32 billion, a P/E ratio of -2.52 and a beta of 2.09. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64. The company’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $3.08.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their price target on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.90.

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.