Stem (NYSE:STEM) Downgraded by Wall Street Zen to "Strong Sell"

Stem (NYSE:STEM - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a report released on Saturday.

Several other equities research analysts have also recently commented on STEM. Weiss Ratings cut Stem from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, April 29th. UBS Group reiterated a "neutral" rating and issued a $12.00 target price (down from $18.00) on shares of Stem in a research note on Tuesday, March 10th. Susquehanna decreased their target price on shares of Stem from $21.00 to $10.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Finally, Roth Mkm restated a "neutral" rating and set a $11.00 price target on shares of Stem in a research note on Thursday. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $12.75.

Stem Trading Up 4.7%

STEM opened at $9.14 on Friday. The stock has a fifty day moving average price of $10.30 and a 200 day moving average price of $14.60. Stem has a 1 year low of $5.93 and a 1 year high of $32.23. The stock has a market cap of $77.85 million, a price-to-earnings ratio of -1.05 and a beta of 1.51.

Stem (NYSE:STEM - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($2.22) earnings per share for the quarter, missing the consensus estimate of ($1.76) by ($0.46). The business had revenue of $29.00 million during the quarter, compared to the consensus estimate of $34.61 million. As a group, sell-side analysts forecast that Stem will post -7.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Stem

In other news, CEO Arun Narayanan sold 5,145 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $11.12, for a total value of $57,212.40. Following the completion of the sale, the chief executive officer directly owned 12,980 shares of the company's stock, valued at approximately $144,337.60. This represents a 28.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 10,366 shares of company stock valued at $114,190 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stem

Large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its holdings in Stem by 48.1% in the 4th quarter. Hsbc Holdings PLC now owns 28,424 shares of the company's stock valued at $434,000 after purchasing an additional 9,233 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Stem during the fourth quarter valued at about $177,000. Bridgeway Capital Management LLC raised its position in shares of Stem by 346.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 69,600 shares of the company's stock valued at $1,047,000 after buying an additional 54,000 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Stem in the fourth quarter valued at about $385,000. Finally, Jump Financial LLC bought a new stake in shares of Stem in the fourth quarter valued at about $534,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stem Company Profile

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem's offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.

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