Stem, Inc. (NYSE:STEM) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its stake in Stem, Inc. (NYSE:STEM) by 569.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,381 shares of the company’s stock after purchasing an additional 103,254 shares during the period. Balyasny Asset Management L.P. owned approximately 0.07% of Stem worth $73,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Stem during the 4th quarter worth approximately $480,000. Canada Pension Plan Investment Board acquired a new position in Stem during the fourth quarter worth $203,000. XTX Topco Ltd boosted its position in Stem by 403.4% during the fourth quarter. XTX Topco Ltd now owns 286,690 shares of the company’s stock worth $173,000 after purchasing an additional 229,738 shares in the last quarter. Barclays PLC boosted its position in Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after purchasing an additional 160,165 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Stem by 6.3% in the fourth quarter. Northern Trust Corp now owns 1,295,149 shares of the company’s stock valued at $781,000 after purchasing an additional 76,320 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STEM. BMO Capital Markets lowered their price objective on shares of Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a research note on Wednesday, March 5th. UBS Group reaffirmed a “neutral” rating on shares of Stem in a report on Monday, April 14th. Roth Mkm raised their price objective on shares of Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Finally, Susquehanna upped their target price on Stem from $0.40 to $0.60 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Stem has an average rating of “Hold” and a consensus price target of $1.11.

Stem Stock Performance

Shares of NYSE STEM opened at $0.54 on Tuesday. The firm has a market cap of $88.43 million, a P/E ratio of -0.10 and a beta of 1.42. Stem, Inc. has a 1 year low of $0.29 and a 1 year high of $1.68. The firm’s 50 day moving average price is $0.42 and its 200 day moving average price is $0.49.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.05. The business had revenue of $32.51 million for the quarter, compared to analysts’ expectations of $28.59 million. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. As a group, equities analysts predict that Stem, Inc. will post -0.52 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.