SCP Investment LP Has $78,000 Stake in Stem, Inc. (NYSE:STEM)

SCP Investment LP reduced its position in Stem, Inc. (NYSE:STEM) by 65.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,688 shares of the company’s stock after selling 242,200 shares during the quarter. SCP Investment LP’s holdings in Stem were worth $78,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of STEM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Stem by 77.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after buying an additional 1,047,825 shares in the last quarter. Geode Capital Management LLC raised its stake in Stem by 4.8% during the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock worth $1,255,000 after acquiring an additional 166,002 shares in the last quarter. Barclays PLC lifted its holdings in shares of Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after acquiring an additional 160,165 shares during the period. Virtu Financial LLC acquired a new stake in shares of Stem in the 3rd quarter valued at $25,000. Finally, Aries Wealth Management increased its position in shares of Stem by 100.0% during the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Price Performance

Shares of STEM opened at $0.39 on Friday. The company has a market cap of $64.18 million, a PE ratio of -0.08 and a beta of 1.49. The firm has a 50-day moving average of $0.52 and a 200-day moving average of $0.50. Stem, Inc. has a one year low of $0.30 and a one year high of $2.23.

Stem (NYSE:STEM) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. The firm had revenue of $55.83 million for the quarter, compared to the consensus estimate of $47.89 million. During the same quarter in the previous year, the business earned ($0.21) earnings per share. Analysts expect that Stem, Inc. will post -0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STEM. Roth Mkm boosted their target price on Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. UBS Group boosted their price objective on Stem from $0.60 to $0.65 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, BMO Capital Markets lowered their target price on Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stem presently has a consensus rating of “Hold” and an average target price of $1.11.

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.