Stock Traders Purchase Large Volume of Call Options on Stem (NYSE:STEM)

Stem, Inc. (NYSE:STEM) was the target of unusually large options trading on Friday. Investors purchased 4,015 call options on the stock. This is an increase of 282% compared to the typical daily volume of 1,051 call options.

Stem Trading Down 5.3 %

Shares of NYSE STEM traded down $0.02 during mid-day trading on Friday, reaching $0.39. The company had a trading volume of 8,381,603 shares, compared to its average volume of 5,584,544. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. The stock has a market cap of $63.54 million, a price-to-earnings ratio of -0.08 and a beta of 1.64. The business’s 50-day moving average is $0.40 and its 200-day moving average is $0.67. Stem has a 52 week low of $0.30 and a 52 week high of $4.12.

Analyst Ratings Changes

Several equities research analysts have recently commented on STEM shares. Piper Sandler reduced their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd. UBS Group decreased their price target on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research note on Friday, November 8th. Susquehanna increased their price target on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Barclays lowered their target price on Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research report on Friday, October 18th. Finally, The Goldman Sachs Group lowered their price objective on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Stem during the 3rd quarter worth about $25,000. Vanguard Personalized Indexing Management LLC purchased a new position in Stem in the second quarter valued at about $30,000. Creative Planning lifted its position in shares of Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after buying an additional 78,940 shares during the last quarter. Barclays PLC raised its stake in shares of Stem by 213.1% during the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after acquiring an additional 160,165 shares in the last quarter. Finally, SCP Investment LP boosted its stake in Stem by 36.9% in the third quarter. SCP Investment LP now owns 370,888 shares of the company’s stock valued at $129,000 after acquiring an additional 100,000 shares in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Stem Company Profile

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.