Zeo Energy (NASDAQ:ZEO) Insider Brandon Bridgewater Sells 24,490 Shares

Zeo Energy Corp. (NASDAQ:ZEO) insider Brandon Bridgewater sold 24,490 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $1.20, for a total value of $29,388.00. Following the transaction, the insider directly owned 2,932,147 shares of the company’s stock, valued at approximately $3,518,576.40. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Brandon Bridgewater also recently made the following trade(s):

• On Tuesday, December 9th, Brandon Bridgewater sold 18,191 shares of Zeo Energy stock. The shares were sold at an average price of $1.16, for a total transaction of $21,101.56.

Zeo Energy Stock Performance

Shares of ZEO stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.15. 54,413 shares of the stock were exchanged, compared to its average volume of 840,720. The stock’s fifty day simple moving average is $1.48 and its two-hundred day simple moving average is $1.98. The stock has a market capitalization of $66.16 million, a price-to-earnings ratio of -1.53 and a beta of -0.15. Zeo Energy Corp. has a 12-month low of $0.95 and a 12-month high of $3.95.

Zeo Energy (NASDAQ:ZEO) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter. The company had revenue of $23.90 million for the quarter.

Analyst Ratings Changes

ZEO has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeo Energy in a research note on Thursday, December 4th. Wall Street Zen raised shares of Zeo Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Zeo Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in ZEO. CIBC Bancorp USA Inc. acquired a new position in Zeo Energy during the third quarter worth approximately $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new stake in shares of Zeo Energy during the 3rd quarter valued at $50,000. Piper Sandler & CO. purchased a new stake in shares of Zeo Energy during the 3rd quarter valued at $915,000. Mission Wealth Management LP acquired a new stake in shares of Zeo Energy during the 3rd quarter worth $33,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Zeo Energy in the 3rd quarter worth $359,000.

Zeo Energy Company Profile

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes.