SCP Investment LP Purchases 7,800 Shares of Stem, Inc. (NYSE:STEM)

SCP Investment LP raised its position in shares of Stem, Inc. (NYSE:STEM) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 172,600 shares of the company’s stock after purchasing an additional 7,800 shares during the quarter. Stem accounts for approximately 0.7% of SCP Investment LP’s holdings, making the stock its 13th biggest position. SCP Investment LP’s holdings in Stem were worth $734,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in STEM. Quadrature Capital Ltd lifted its position in shares of Stem by 289.5% during the 3rd quarter. Quadrature Capital Ltd now owns 51,895 shares of the company’s stock valued at $220,000 after buying an additional 38,570 shares in the last quarter. Lido Advisors LLC bought a new stake in Stem during the third quarter valued at about $4,561,000. DNB Asset Management AS lifted its position in shares of Stem by 63.7% in the fourth quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock valued at $491,000 after acquiring an additional 49,256 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Stem by 3.8% in the third quarter. Deutsche Bank AG now owns 605,722 shares of the company’s stock worth $2,568,000 after acquiring an additional 22,222 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Stem during the 4th quarter valued at approximately $209,000. 61.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STEM shares. UBS Group cut their price objective on shares of Stem from $5.00 to $2.50 and set a “buy” rating for the company in a report on Wednesday. Susquehanna decreased their price target on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group decreased their price target on shares of Stem from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Monday. Evercore ISI decreased their price target on shares of Stem from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Finally, BMO Capital Markets decreased their price target on shares of Stem from $2.50 to $1.85 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Stem has a consensus rating of “Hold” and a consensus target price of $4.77.

Stem Trading Down 1.5 %

Shares of NYSE STEM traded down $0.02 during trading hours on Thursday, reaching $1.34. The stock had a trading volume of 3,020,014 shares, compared to its average volume of 4,768,073. The business’s fifty day moving average price is $1.90 and its two-hundred day moving average price is $2.78. The firm has a market cap of $211.41 million, a price-to-earnings ratio of -0.92 and a beta of 1.91. Stem, Inc. has a 52-week low of $1.27 and a 52-week high of $7.79. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23.

Stem (NYSE:STEM) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Stem had a negative net margin of 40.03% and a negative return on equity of 34.37%. The firm had revenue of $25.50 million during the quarter, compared to the consensus estimate of $66.67 million. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. The business’s revenue was down 61.9% compared to the same quarter last year. Analysts expect that Stem, Inc. will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other Stem news, CEO John Eugene Carrington sold 194,171 shares of Stem stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $1.85, for a total value of $359,216.35. Following the transaction, the chief executive officer now owns 506,585 shares in the company, valued at $937,182.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Saul R. Laureles sold 10,959 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $3.17, for a total transaction of $34,740.03. Following the transaction, the insider now directly owns 80,003 shares of the company’s stock, valued at approximately $253,609.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Eugene Carrington sold 194,171 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $1.85, for a total value of $359,216.35. Following the completion of the sale, the chief executive officer now owns 506,585 shares of the company’s stock, valued at $937,182.25. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 130,418 shares of company stock worth $238,045 and sold 772,268 shares worth $1,650,229. 10.17% of the stock is owned by company insiders.

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.