Key Points
- Insider sale: CAO Rahul Shukla sold 3,674 shares on Nov. 18 at an average price of $16.21 for a total of about $59,555, according to an SEC filing.
- Earnings miss: Stem reported Q3 EPS of ($2.84), missing estimates of ($1.85), and posted revenue of $38.24 million versus $39.07 million expected.
- Analyst sentiment: The consensus rating is "Reduce" with a $14.57 price target, while the stock trades around $15.42 and has a market cap of about $129.4 million.
Stem, Inc. (NYSE:STEM - Get Free Report) CAO Rahul Shukla sold 3,674 shares of the company's stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $16.21, for a total value of $59,555.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Stem Price Performance
Shares of NYSE:STEM traded up $0.02 on Thursday, reaching $15.42. 42,095 shares of the company traded hands, compared to its average volume of 421,966. The stock has a market capitalization of $129.41 million, a PE ratio of -1.13 and a beta of 1.35. The company's 50 day moving average is $20.03 and its 200-day moving average is $14.52. Stem, Inc. has a fifty-two week low of $5.81 and a fifty-two week high of $33.60.
Stem (NYSE:STEM - Get Free Report) last issued its earnings results on Thursday, October 30th. The company reported ($2.84) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.85) by ($0.99). The company had revenue of $38.24 million during the quarter, compared to analyst estimates of $39.07 million. As a group, analysts expect that Stem, Inc. will post -0.52 EPS for the current year.
Institutional Investors Weigh In On Stem
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cerity Partners LLC bought a new position in Stem during the first quarter valued at approximately $29,000. CWM LLC increased its position in Stem by 317.7% during the first quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after buying an additional 68,386 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Stem during the third quarter valued at about $55,000. Electron Capital Partners LLC lifted its position in shares of Stem by 24.7% in the first quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock worth $57,000 after buying an additional 32,313 shares during the last quarter. Finally, Nomura Holdings Inc. increased its holdings in shares of Stem by 24.1% during the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company's stock valued at $80,000 after acquiring an additional 44,433 shares during the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Roth Capital set a $23.00 price objective on Stem and gave the stock a "neutral" rating in a report on Thursday, October 30th. Susquehanna boosted their price target on shares of Stem from $12.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, October 13th. Barclays reaffirmed a "reduce" rating and issued a $18.00 price objective (up previously from $13.00) on shares of Stem in a research note on Friday, October 31st. UBS Group boosted their target price on shares of Stem from $16.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, October 31st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Stem in a report on Thursday, November 13th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $14.57.
Get Our Latest Stock Analysis on Stem
Stem Company Profile
(
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.
Further Reading
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