Aries Wealth Management Has $30,000 Stock Holdings in Stem, Inc. (NYSE:STEM)

Aries Wealth Management raised its stake in shares of Stem, Inc. (NYSE:STEM) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company’s stock after buying an additional 25,000 shares during the period. Aries Wealth Management’s holdings in Stem were worth $30,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Stem by 4.8% during the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after purchasing an additional 166,002 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Stem by 77.1% during 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 valued at $837,000 after buying an additional 1,047,825 shares during the last quarter. SCP Investment LP grew its stake in shares of Stem by 36.9% in the 3rd quarter. SCP Investment LP now owns 370,888 shares of the company’s stock valued at $129,000 after buying an additional 100,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Stem in the second quarter worth approximately $405,000. Finally, Barclays PLC raised its position in 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 in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on STEM shares. The Goldman Sachs Group decreased their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st. Barclays decreased their price objective on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a report on Friday, October 18th. Piper Sandler cut their target price on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Finally, 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. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1.38.

Stem Stock Up 10.4 %

Shares of NYSE:STEM opened at $0.54 on Friday. The stock’s 50-day moving average is $0.60 and its 200-day moving average is $0.54. Stem, Inc. has a 52-week low of $0.30 and a 52-week high of $3.46.

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.