Stem, Inc. (NYSE:STEM - Get Free Report) insider Prakesh Patel sold 23,863 shares of the company's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $44,623.81. Following the completion of the transaction, the insider now directly owns 181,668 shares of the company's stock, valued at approximately $339,719.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Stem Stock Performance
Shares of NYSE:STEM opened at $1.84 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.88. The firm has a market cap of $290.30 million, a PE ratio of -1.44 and a beta of 1.88. The firm's 50 day simple moving average is $2.04 and its 200-day simple moving average is $2.86. Stem, Inc. has a one year low of $1.46 and a one year high of $7.79.
Stem (NYSE:STEM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.09). Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. The business had revenue of $167.42 million for the quarter, compared to analyst estimates of $254.23 million. As a group, equities analysts predict that Stem, Inc. will post -0.51 EPS for the current year.
Wall Street Analysts Forecast Growth
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A number of equities analysts recently commented on STEM shares. Piper Sandler dropped their price target on Stem from $3.00 to $2.00 and set a "neutral" rating for the company in a research note on Thursday, April 11th. Susquehanna dropped their price target on Stem from $5.50 to $4.00 and set a "positive" rating for the company in a research report on Thursday, February 29th. TD Cowen decreased their price objective on Stem from $7.00 to $5.00 and set an "outperform" rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $2.50 target price (down previously from $5.50) on shares of Stem in a report on Friday, March 22nd. Finally, BMO Capital Markets decreased their price target on Stem from $4.00 to $3.25 and set a "market perform" rating on the stock in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $5.96.
Check Out Our Latest Stock Report on STEM
Hedge Funds Weigh In On Stem
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Stem by 106.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,341,334 shares of the company's stock worth $26,887,000 after purchasing an additional 3,271,193 shares during the last quarter. Electron Capital Partners LLC grew its holdings in shares of Stem by 62.2% during the third quarter. Electron Capital Partners LLC now owns 4,978,739 shares of the company's stock valued at $21,110,000 after buying an additional 1,909,478 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of Stem during the third quarter valued at $4,561,000. Alkeon Capital Management LLC increased its position in shares of Stem by 34.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 3,888,612 shares of the company's stock valued at $16,488,000 after acquiring an additional 1,000,000 shares during the period. Finally, Rock Point Advisors LLC lifted its position in Stem by 104.7% during the 4th quarter. Rock Point Advisors LLC now owns 1,407,525 shares of the company's stock worth $5,461,000 after acquiring an additional 720,080 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.
About Stem
(
Get Free Report)
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.
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