53,862 Shares in Stem, Inc. (NYSE:STEM) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of Stem, Inc. (NYSE:STEM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 53,862 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds have also bought and sold shares of STEM. Quadrature Capital Ltd raised its stake in shares of Stem by 289.5% in the third quarter. Quadrature Capital Ltd now owns 51,895 shares of the company’s stock valued at $220,000 after buying an additional 38,570 shares during the period. Lido Advisors LLC purchased a new position in shares of Stem during the 3rd quarter valued at $4,561,000. DNB Asset Management AS lifted its position in shares of Stem by 63.7% during the 4th quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock valued at $491,000 after buying an additional 49,256 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Stem by 3.8% during the 3rd quarter. Deutsche Bank AG now owns 605,722 shares of the company’s stock valued at $2,568,000 after buying an additional 22,222 shares during the last quarter. Finally, Rock Point Advisors LLC lifted its position in shares of Stem by 39.4% during the 3rd quarter. Rock Point Advisors LLC now owns 687,445 shares of the company’s stock valued at $2,915,000 after buying an additional 194,335 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

Stem Price Performance

Shares of NYSE STEM opened at $1.76 on Friday. The firm has a market capitalization of $277.68 million, a P/E ratio of -1.38 and a beta of 1.88. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 1.23. The stock’s 50-day simple moving average is $2.39 and its two-hundred day simple moving average is $3.07. Stem, Inc. has a twelve month low of $1.73 and a twelve month high of $7.79.

Stem (NYSE:STEM) last announced its earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The business had revenue of $167.42 million during the quarter, compared to the consensus estimate of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. As a group, equities analysts anticipate that Stem, Inc. will post -0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STEM shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price target (down previously from $5.50) on shares of Stem in a research report on Friday, March 22nd. Piper Sandler dropped their price target on Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday. TD Cowen dropped their price target on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. BMO Capital Markets dropped their price target on Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a research report on Thursday, February 29th. Finally, Susquehanna dropped their price objective on Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.96.

Insiders Place Their Bets

In other Stem news, Director David S. Buzby bought 33,800 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of $1.81 per share, for a total transaction of $61,178.00. Following the purchase, the director now directly owns 768,448 shares of the company’s stock, valued at $1,390,890.88. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Stem news, Director David S. Buzby bought 33,800 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of $1.81 per share, for a total transaction of $61,178.00. Following the purchase, the director now directly owns 768,448 shares of the company’s stock, valued at $1,390,890.88. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Saul R. Laureles sold 10,959 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $3.17, for a total value of $34,740.03. Following the transaction, the insider now owns 80,003 shares in the company, valued at $253,609.51. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 130,418 shares of company stock worth $238,045 and have sold 519,260 shares worth $1,197,289. Corporate insiders own 9.12% of the company’s stock.

About Stem

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.