Zeo Energy (NASDAQ:ZEO) Insider Sells 32,669 Shares

Zeo Energy Corp. (NASDAQ:ZEO) insider Brandon Bridgewater sold 32,669 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $1.16, for a total value of $37,896.04. Following the sale, the insider owned 2,876,747 shares of the company’s stock, valued at approximately $3,337,026.52. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, December 10th, Brandon Bridgewater sold 4,540 shares of Zeo Energy stock. The shares were sold at an average price of $1.15, for a total value of $5,221.00.
• 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 value of $21,101.56.
• On Monday, December 8th, Brandon Bridgewater sold 24,490 shares of Zeo Energy stock. The stock was sold at an average price of $1.20, for a total value of $29,388.00.

Zeo Energy Trading Down 0.9%

ZEO stock traded down $0.01 during mid-day trading on Friday, reaching $1.10. The company’s stock had a trading volume of 82,529 shares, compared to its average volume of 835,372. Zeo Energy Corp. has a 12 month low of $0.95 and a 12 month high of $3.95. The business’s 50 day moving average price is $1.47 and its 200 day moving average price is $1.97. The company has a market cap of $63.28 million, a price-to-earnings ratio of -1.47 and a beta of -0.15.

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

Analysts Set New Price Targets

ZEO has been the topic of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Zeo Energy in a report on Wednesday. Wall Street Zen raised shares of Zeo Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. bought a new stake in Zeo Energy in the 3rd quarter worth about $26,000. Mission Wealth Management LP purchased a new position in shares of Zeo Energy in the 3rd quarter worth approximately $33,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Zeo Energy in the 3rd quarter worth approximately $42,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in shares of Zeo Energy in the third quarter valued at approximately $50,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Zeo Energy during the third quarter valued at approximately $359,000.

About Zeo Energy

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.