Investors Buy Large Volume of Eos Energy Enterprises Call Options (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) saw unusually large options trading on Tuesday. Stock traders acquired 40,913 call options on the company. This represents an increase of approximately 60% compared to the average daily volume of 25,494 call options.

Eos Energy Enterprises Trading Up 1.2 %

EOSE opened at $4.97 on Thursday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $6.64. The business’s 50-day moving average price is $4.96 and its 200-day moving average price is $3.41. The company has a market cap of $1.08 billion, a P/E ratio of -2.06 and a beta of 2.10.

Hedge Funds Weigh In On Eos Energy Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter valued at approximately $251,000. Geode Capital Management LLC boosted its position in Eos Energy Enterprises by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company’s stock valued at $12,205,000 after buying an additional 41,440 shares during the period. DnB Asset Management AS grew its holdings in Eos Energy Enterprises by 2.4% in the 4th quarter. DnB Asset Management AS now owns 629,141 shares of the company’s stock worth $3,058,000 after acquiring an additional 14,494 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of Eos Energy Enterprises in the fourth quarter valued at about $267,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Eos Energy Enterprises during the fourth quarter valued at about $889,000. 54.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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