Virtu Financial LLC Invests $206,000 in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Virtu Financial LLC acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 69,276 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management raised its position in shares of Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after acquiring an additional 7,500 shares during the period. WESPAC Advisors LLC bought a new stake in Eos Energy Enterprises in the third quarter valued at approximately $32,000. Ground Swell Capital LLC acquired a new stake in Eos Energy Enterprises in the second quarter worth $34,000. Scientech Research LLC bought a new position in shares of Eos Energy Enterprises during the second quarter worth $36,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Trading Up 3.3 %

Shares of NASDAQ EOSE opened at $4.04 on Thursday. The company has a fifty day moving average price of $3.00 and a 200 day moving average price of $2.30. The firm has a market cap of $880.36 million, a PE ratio of -1.68 and a beta of 2.31. Eos Energy Enterprises, Inc. has a 1-year low of $0.61 and a 1-year high of $4.60.

Analyst Ratings Changes

Several analysts recently commented on EOSE shares. Roth Mkm dropped their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $6.00 price target on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises 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.