Jag Capital Management LLC Acquires Shares of 60,350 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its stake 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 buying an additional 7,500 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in Eos Energy Enterprises during the 4th quarter valued at $29,000. R Squared Ltd acquired a new stake in Eos Energy Enterprises during the 4th quarter valued at $31,000. WESPAC Advisors LLC acquired a new stake in Eos Energy Enterprises during the 3rd quarter valued at $32,000. Finally, Focused Wealth Management Inc acquired a new stake in Eos Energy Enterprises during the 3rd quarter valued at $46,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Eos Energy Enterprises Trading Down 8.9 %

Shares of Eos Energy Enterprises stock opened at $3.98 on Tuesday. The business’s fifty day moving average price is $5.18 and its 200 day moving average price is $3.68. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $6.64. The stock has a market capitalization of $867.29 million, a P/E ratio of -1.65 and a beta of 2.10.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EOSE shares. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Roth Mkm cut Eos Energy Enterprises from a “buy” rating to a “neutral” rating and lifted their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.