Stem, Inc. (NYSE:STEM) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its position in Stem, Inc. (NYSE:STEM) by 29.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,097 shares of the company’s stock after selling 77,445 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.12% of Stem worth $114,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Stem in the 3rd quarter worth approximately $25,000. Aries Wealth Management grew its position in shares of Stem by 100.0% in the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after acquiring an additional 25,000 shares in the last quarter. Barclays PLC lifted its holdings in shares of Stem by 213.1% in the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after purchasing an additional 160,165 shares during the last quarter. SCP Investment LP lifted its holdings in shares of Stem by 36.9% in the 3rd quarter. SCP Investment LP now owns 370,888 shares of the company’s stock worth $129,000 after purchasing an additional 100,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Stem by 77.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after purchasing an additional 1,047,825 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Price Performance

Shares of Stem stock opened at $0.41 on Wednesday. The business’s fifty day moving average price is $0.58 and its two-hundred day moving average price is $0.50. The company has a market capitalization of $66.48 million, a P/E ratio of -0.08 and a beta of 1.49. Stem, Inc. has a 1-year low of $0.30 and a 1-year high of $2.27.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. The company had revenue of $55.83 million for the quarter, compared to the consensus estimate of $47.89 million. During the same quarter in the previous year, the business earned ($0.21) EPS. On average, research analysts expect that Stem, Inc. will post -0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on STEM. Roth Mkm raised their price target on Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Piper Sandler cut their price target on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets cut their price target on Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group raised their price target on Stem from $0.60 to $0.65 and gave the stock a “buy” rating in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1.11.

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.