BNP Paribas Financial Markets Purchases New Stake in Stem, Inc. (NYSE:STEM)

BNP Paribas Financial Markets bought a new stake in Stem, Inc. (NYSE:STEM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 796,455 shares of the company's stock, valued at approximately $480,000. BNP Paribas Financial Markets owned about 0.49% of Stem at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Northern Trust Corp raised its holdings in Stem by 6.3% during the 4th quarter. Northern Trust Corp now owns 1,295,149 shares of the company's stock worth $781,000 after buying an additional 76,320 shares during the period. Wells Fargo & Company MN raised its holdings in Stem by 8.7% during the 4th quarter. Wells Fargo & Company MN now owns 678,685 shares of the company's stock worth $409,000 after buying an additional 54,194 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Stem during the 4th quarter worth approximately $203,000. XTX Topco Ltd raised its holdings in Stem by 403.4% during the 4th quarter. XTX Topco Ltd now owns 286,690 shares of the company's stock worth $173,000 after buying an additional 229,738 shares during the period. Finally, Barclays PLC raised its holdings in Stem by 213.1% during the 3rd 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 period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STEM. Roth Mkm raised 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. UBS Group reaffirmed a "neutral" rating on shares of Stem in a research note on Monday, April 14th. Susquehanna raised their price target on shares of Stem from $0.40 to $0.60 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets decreased their price target on shares of Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a research note on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Stem presently has an average rating of "Hold" and a consensus target price of $1.11.

Stem Stock Down 2.3%

Shares of STEM traded down $0.01 during midday trading on Wednesday, reaching $0.47. 1,265,850 shares of the stock were exchanged, compared to its average volume of 7,327,651. The stock's 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.49. The company has a market cap of $76.33 million, a P/E ratio of -0.09 and a beta of 1.42. Stem, Inc. has a twelve month low of $0.29 and a twelve month high of $1.68.

Stem (NYSE:STEM - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.05. The company had revenue of $32.51 million during the quarter, compared to analysts' expectations of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. As a group, analysts predict that Stem, Inc. will post -0.52 earnings per share for the current year.

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.