UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Stem, Inc. (NYSE:STEM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Stem, Inc. (NYSE:STEM) by 77.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,406,080 shares of the company’s stock after buying an additional 1,047,825 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.48% of Stem worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Rock Point Advisors LLC increased its holdings in Stem by 7.3% in the 2nd quarter. Rock Point Advisors LLC now owns 1,618,589 shares of the company’s stock worth $1,797,000 after acquiring an additional 109,810 shares in the last quarter. SIR Capital Management L.P. increased its stake in shares of Stem by 327.0% in the second quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock worth $1,752,000 after purchasing an additional 1,208,875 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Stem by 7.4% during the 2nd quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock valued at $1,133,000 after purchasing an additional 71,956 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Stem by 181.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock valued at $950,000 after buying an additional 551,492 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Stem by 5,770.4% in the 2nd quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after buying an additional 764,401 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on STEM shares. The Goldman Sachs Group decreased their price target on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a report on Friday, November 1st. UBS Group decreased their target price on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research note on Friday, November 8th. Piper Sandler dropped their price target on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Susquehanna increased their price objective on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Barclays lowered their target price on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1.38.

Stem Stock Down 2.0 %

NYSE:STEM opened at $0.33 on Friday. The stock has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $0.70. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. The company has a market cap of $54.25 million, a price-to-earnings ratio of -0.06 and a beta of 1.64. Stem, Inc. has a twelve month low of $0.30 and a twelve month high of $4.28.

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.