Stem Target of Unusually High Options Trading (NYSE:STEM)

Stem, Inc. (NYSE:STEM) was the target of some unusual options trading activity on Friday. Stock traders bought 4,015 call options on the stock. This is an increase of 282% compared to the average daily volume of 1,051 call options.

Stem Price Performance

Shares of STEM opened at $0.59 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.10 and a quick ratio of 0.94. The company has a market capitalization of $96.77 million, a price-to-earnings ratio of -0.11 and a beta of 1.64. The business’s 50-day moving average is $0.40 and its 200-day moving average is $0.66. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $4.12.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in Stem in the third quarter valued at about $25,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Stem during the 2nd quarter valued at about $30,000. Creative Planning grew its stake in shares of Stem by 177.1% in the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after buying an additional 78,940 shares in the last quarter. Barclays PLC increased its holdings in Stem by 213.1% in the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after buying an additional 160,165 shares during the last quarter. Finally, SCP Investment LP raised its position in Stem by 36.9% during the third quarter. SCP Investment LP now owns 370,888 shares of the company’s stock valued at $129,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.