Stem (NYSE:STEM) Shares Down 8.1% - Should You Sell?

Key Points

• Stem, Inc. shares fell by 8.1%, trading at $17.84 after a previous close of $19.41, with a significant drop in trading volume.
• Analysts have mixed ratings for the stock, with a price target set at $13.00 by Barclays and a target increase to $16.00 by UBS Group, indicating a consensus average target of $10.86.
• The company reported a loss of ($3.73) earnings per share, missing the analysts' expectations, but exceeded revenue estimates with $38.40 million for the quarter.

Stem, Inc. (NYSE:STEM - Get Free Report) shares fell 8.1% on Friday . The company traded as low as $17.77 and last traded at $17.84. 259,764 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 298,014 shares. The stock had previously closed at $19.41.

Analyst Ratings Changes

A number of research firms have recently weighed in on STEM. Barclays set a $13.00 price target on shares of Stem and gave the company an "equal weight" rating in a research note on Monday, August 11th. UBS Group lifted their target price on shares of Stem from $8.60 to $16.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.86.

Stem Trading Down 8.1%

The firm's 50-day moving average is $15.38 and its 200 day moving average is $11.05. The firm has a market capitalization of $149.70 million, a price-to-earnings ratio of -0.62 and a beta of 1.32.

Stem (NYSE:STEM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.00) by ($0.73). The firm had revenue of $38.40 million for the quarter, compared to analysts' expectations of $32.18 million. Stem has set its FY 2025 guidance at EPS. Analysts predict that Stem, Inc. will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC acquired a new position in shares of Stem in the 2nd quarter worth approximately $97,000. Marshall Wace LLP acquired a new position in shares of Stem in the 2nd quarter worth approximately $187,000. Cerity Partners LLC acquired a new position in shares of Stem in the 1st quarter worth approximately $29,000. CWM LLC lifted its position in shares of Stem by 317.7% in the 1st quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after purchasing an additional 68,386 shares during the period. Finally, Electron Capital Partners LLC lifted its position in shares of Stem by 24.7% during the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock valued at $57,000 after acquiring an additional 32,313 shares during the period. Institutional investors and hedge funds own 61.63% of the company's stock.

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.

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