Barclays PLC Purchases 160,165 Shares of Stem, Inc. (NYSE:STEM)

Barclays PLC boosted its position in shares of Stem, Inc. (NYSE:STEM) by 213.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,336 shares of the company’s stock after buying an additional 160,165 shares during the period. Barclays PLC owned approximately 0.14% of Stem worth $81,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC purchased a new position in Stem during the second quarter worth $30,000. Creative Planning boosted its stake in shares of Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after purchasing an additional 78,940 shares during the period. SCP Investment LP grew its holdings in Stem by 36.9% during the 3rd quarter. SCP Investment LP now owns 370,888 shares of the company’s stock valued at $129,000 after purchasing an additional 100,000 shares during the last quarter. Rhumbline Advisers raised its position in Stem by 8.8% in the 2nd quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock worth $291,000 after purchasing an additional 21,249 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Stem in the second quarter worth about $405,000. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Price Performance

Shares of STEM opened at $0.84 on Friday. Stem, Inc. has a twelve month low of $0.30 and a twelve month high of $3.80. The company has a 50 day moving average of $0.47 and a two-hundred day moving average of $0.64. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.41. The company has a market cap of $136.14 million, a price-to-earnings ratio of -0.16 and a beta of 1.43.

Analyst Upgrades and Downgrades

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