Stem, Inc. (NYSE:STEM) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its stake in Stem, Inc. (NYSE:STEM) by 79.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 429,231 shares of the company’s stock after selling 1,639,412 shares during the quarter. Baird Financial Group Inc.’s holdings in Stem were worth $259,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Aries Wealth Management boosted its position in 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 purchasing an additional 25,000 shares in the last quarter. Barclays PLC lifted its stake in shares of Stem by 213.1% in the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after purchasing an additional 160,165 shares during the period. Bank of America Corp DE boosted its holdings in Stem by 25.3% during the fourth quarter. Bank of America Corp DE now owns 183,840 shares of the company’s stock worth $111,000 after buying an additional 37,115 shares in the last quarter. XTX Topco Ltd grew its position in Stem by 403.4% during the fourth quarter. XTX Topco Ltd now owns 286,690 shares of the company’s stock valued at $173,000 after buying an additional 229,738 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Stem in the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Stock Performance

NYSE STEM opened at $0.54 on Friday. The business has a fifty day moving average price of $0.42 and a 200 day moving average price of $0.49. The company has a market cap of $88.97 million, a P/E ratio of -0.10 and a beta of 1.42. Stem, Inc. has a one year low of $0.29 and a one year high of $1.68.

Stem (NYSE:STEM) last issued its earnings results on Tuesday, April 29th. The company reported ($0.15) EPS 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 analysts’ expectations of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. As a group, sell-side analysts predict that Stem, Inc. will post -0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on STEM. Susquehanna increased their target price on shares of Stem from $0.40 to $0.60 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. UBS Group reiterated a “neutral” rating on shares of Stem in a research report on Monday, April 14th. Roth Mkm boosted their price objective on Stem from $0.35 to $0.40 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets decreased their target price on Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a research report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1.11.

Stem 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.