B. Riley Wealth Advisors Inc. Sells 13,000 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 19.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 54,400 shares of the company’s stock after selling 13,000 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Eos Energy Enterprises were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EOSE. Hollencrest Capital Management grew its stake in 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 buying an additional 7,500 shares during the last quarter. WESPAC Advisors LLC bought a new stake in Eos Energy Enterprises during the third quarter valued at about $32,000. Focused Wealth Management Inc acquired a new stake in shares of Eos Energy Enterprises in the third quarter valued at about $46,000. Walleye Capital LLC bought a new position in shares of Eos Energy Enterprises in the third quarter worth about $48,000. Finally, Venture Visionary Partners LLC bought a new position in shares of Eos Energy Enterprises in the third quarter worth about $59,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock opened at $4.57 on Monday. The company has a market cap of $995.86 million, a PE ratio of -1.90 and a beta of 2.31. The firm has a fifty day moving average price of $3.05 and a two-hundred day moving average price of $2.36. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.68.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their target price on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.