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Stem (NYSE:STEM) Shares Set to Reverse Split on Monday, June 23rd

Stem logo with Computer and Technology background

Stem, Inc. (NYSE:STEM - Free Report) shares are going to reverse split on Monday, June 23rd. The 1-20 reverse split was announced on Wednesday, June 11th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, June 20th.

Stem Price Performance

STEM traded down $0.01 during trading hours on Wednesday, reaching $0.43. 2,869,896 shares of the stock traded hands, compared to its average volume of 7,324,270. The firm's fifty day simple moving average is $0.47 and its two-hundred day simple moving average is $0.50. The company has a market cap of $70.91 million, a price-to-earnings ratio of -0.09 and a beta of 1.36. Stem has a fifty-two week low of $0.29 and a fifty-two week high of $1.68.

Stem (NYSE:STEM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.05. The business had revenue of $32.51 million during the quarter, compared to analyst estimates of $28.59 million. Stem had a negative net margin of 532.03% and a negative return on equity of 275.79%. On average, research analysts predict that Stem will post -0.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna raised their price target on shares of Stem from $0.40 to $0.60 and gave the company a "neutral" rating in a report on Thursday, May 1st. BMO Capital Markets lowered their price target on shares of Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a report on Wednesday, March 5th. Roth Mkm raised their price target on shares of Stem from $0.35 to $0.40 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Finally, UBS Group reissued a "neutral" rating on shares of Stem in a report on Monday, April 14th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $1.11.

Get Our Latest Stock Analysis on Stem

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STEM. Cerity Partners LLC acquired a new position in shares of Stem in the 1st quarter valued at about $29,000. CWM LLC boosted its holdings in shares of Stem by 317.7% in the 1st quarter. CWM LLC now owns 89,913 shares of the company's stock valued at $31,000 after buying an additional 68,386 shares during the period. Electron Capital Partners LLC boosted its holdings in shares of Stem by 24.7% in the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock valued at $57,000 after buying an additional 32,313 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Stem by 569.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock valued at $73,000 after buying an additional 103,254 shares during the period. Finally, Nomura Holdings Inc. lifted its position in Stem by 24.1% in the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company's stock valued at $80,000 after purchasing an additional 44,433 shares during the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

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.

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