Stem, Inc. (NYSE:STEM - Get Rating) Director Adam Daley sold 75,000 shares of Stem stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $13.63, for a total value of $1,022,250.00. Following the completion of the transaction, the director now owns 171,251 shares of the company's stock, valued at $2,334,151.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Stem Price Performance
STEM stock traded down $0.20 during trading on Monday, hitting $13.01. The company had a trading volume of 1,702,452 shares, compared to its average volume of 3,926,855. The business has a 50 day moving average of $13.54 and a 200 day moving average of $11.34. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -15.84 and a beta of 2.09. The company has a current ratio of 2.23, a quick ratio of 2.11 and a debt-to-equity ratio of 0.78. Stem, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $23.50.
Stem (NYSE:STEM - Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). Stem had a negative return on equity of 21.30% and a negative net margin of 47.19%. The company had revenue of $99.50 million during the quarter, compared to analyst estimates of $89.81 million. As a group, research analysts predict that Stem, Inc. will post -0.75 earnings per share for the current year.
Hedge Funds Weigh In On Stem
Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Stem by 3.4% in the second quarter. Principal Financial Group Inc. now owns 21,593 shares of the company's stock valued at $155,000 after buying an additional 719 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Stem by 3.3% in the 2nd quarter. International Assets Investment Management LLC now owns 37,775 shares of the company's stock valued at $270,000 after purchasing an additional 1,200 shares during the period. Advisors Asset Management Inc. increased its stake in Stem by 4.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 32,261 shares of the company's stock worth $231,000 after purchasing an additional 1,331 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Stem by 38.9% in the third quarter. IFP Advisors Inc now owns 5,000 shares of the company's stock worth $134,000 after buying an additional 1,400 shares during the period. Finally, Wealthspire Advisors LLC increased its position in shares of Stem by 16.2% in the third quarter. Wealthspire Advisors LLC now owns 11,717 shares of the company's stock worth $156,000 after acquiring an additional 1,635 shares in the last quarter. 52.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have weighed in on STEM shares. Cowen lowered their target price on shares of Stem from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Thursday, September 29th. Guggenheim set a $17.00 target price on Stem in a research note on Thursday, September 29th. Cowen dropped their price target on Stem from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Thursday, September 29th. UBS Group assumed coverage on Stem in a research report on Tuesday, October 25th. They set a "buy" rating and a $19.00 price objective for the company. Finally, Morgan Stanley raised their target price on Stem from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Thursday, September 29th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.30.
Stem Company Profile
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Stem, Inc operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems.
Further Reading
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