International Assets Investment Management LLC Has $537,000 Holdings in Stem, Inc. (NYSE:STEM)

International Assets Investment Management LLC lifted its stake in Stem, Inc. (NYSE:STEM) by 363.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 138,516 shares of the company’s stock after buying an additional 108,616 shares during the quarter. International Assets Investment Management LLC’s holdings in Stem were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Stem by 16.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,187 shares of the company’s stock worth $149,000 after acquiring an additional 4,924 shares during the last quarter. Swiss National Bank boosted its position in Stem by 1.6% in the 3rd quarter. Swiss National Bank now owns 324,800 shares of the company’s stock valued at $1,377,000 after buying an additional 5,100 shares during the last quarter. Principal Financial Group Inc. boosted its position in Stem by 39.3% in the 3rd quarter. Principal Financial Group Inc. now owns 21,067 shares of the company’s stock valued at $89,000 after buying an additional 5,941 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Stem by 54.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,025 shares of the company’s stock valued at $89,000 after buying an additional 7,415 shares during the last quarter. Finally, Aries Wealth Management boosted its position in Stem by 66.7% in the 4th quarter. Aries Wealth Management now owns 25,000 shares of the company’s stock valued at $97,000 after buying an additional 10,000 shares during the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Saul R. Laureles sold 9,893 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $3.23, for a total value of $31,954.39. Following the sale, the insider now directly owns 56,226 shares in the company, valued at $181,609.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Rahul Shukla sold 19,899 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.19, for a total transaction of $43,578.81. Following the sale, the chief accounting officer now owns 21,332 shares in the company, valued at $46,717.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Saul R. Laureles sold 9,893 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $3.23, for a total value of $31,954.39. Following the sale, the insider now owns 56,226 shares in the company, valued at approximately $181,609.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 130,418 shares of company stock worth $238,045 and have sold 515,950 shares worth $1,188,252. Corporate insiders own 9.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on STEM. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.50 price objective (down from $5.50) on shares of Stem in a research report on Friday, March 22nd. Piper Sandler decreased their price objective on Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. BMO Capital Markets decreased their price objective 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. TD Cowen decreased their price objective on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, Susquehanna decreased their price objective on Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a research 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’s stock. Based on data from MarketBeat.com, Stem currently has a consensus rating of “Hold” and a consensus price target of $5.96.

Stem Stock Down 4.0 %

Shares of Stem stock opened at $1.66 on Friday. The business has a fifty day simple moving average of $2.11 and a 200 day simple moving average of $2.92. 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 has a market cap of $261.90 million, a PE ratio of -1.30 and a beta of 1.88. Stem, Inc. has a 12 month low of $1.46 and a 12 month high of $7.79.

Stem (NYSE:STEM) last posted its earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The business had revenue of $167.42 million for 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%. Research analysts predict that Stem, Inc. will post -0.51 EPS for the current year.

Stem Profile

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.