Stem, Inc. (NYSE:STEM) Holdings Cut by SCP Investment LP

SCP Investment LP reduced its stake in shares of Stem, Inc. (NYSE:STEM) by 65.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,688 shares of the company’s stock after selling 242,200 shares during the period. SCP Investment LP owned 0.08% of Stem worth $78,000 as of its most recent SEC filing.

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

Stem Price Performance

STEM stock opened at $0.39 on Friday. The company has a 50-day moving average of $0.52 and a two-hundred day moving average of $0.50. The stock has a market capitalization of $64.18 million, a price-to-earnings ratio of -0.08 and a beta of 1.49. Stem, Inc. has a 52-week low of $0.30 and a 52-week high of $2.23.

Stem (NYSE:STEM) last released its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $47.89 million. During the same quarter last year, the firm posted ($0.21) EPS. Equities analysts expect that Stem, Inc. will post -0.52 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.