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

Skandinaviska Enskilda Banken AB publ trimmed its stake in Stem, Inc. (NYSE:STEM) by 29.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 189,097 shares of the company’s stock after selling 77,445 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Stem were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of STEM. Aries Wealth Management grew its holdings in shares of Stem by 100.0% during the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after buying an additional 25,000 shares in the last quarter. Virtu Financial LLC purchased a new position in Stem in the third quarter valued at about $25,000. Barclays PLC grew its stake in Stem by 213.1% in the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after purchasing an additional 160,165 shares in the last quarter. Geode Capital Management LLC grew its stake in Stem by 4.8% in the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after purchasing an additional 166,002 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Stem by 77.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock valued at $837,000 after purchasing an additional 1,047,825 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stem Stock Performance

NYSE STEM opened at $0.41 on Wednesday. Stem, Inc. has a twelve month low of $0.30 and a twelve month high of $2.27. The stock has a market capitalization of $66.48 million, a PE ratio of -0.08 and a beta of 1.49. The stock has a 50-day simple moving average of $0.58 and a 200 day simple moving average of $0.50.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $55.83 million during the quarter, compared to analysts’ expectations of $47.89 million. During the same quarter in the previous year, the firm earned ($0.21) EPS. As a group, equities research analysts forecast that Stem, Inc. will post -0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets lowered their target price on Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a research note on Wednesday, March 5th. Roth Mkm boosted their price target on Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Piper Sandler reduced their price target on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research report on Friday, November 22nd. Finally, UBS Group boosted their price target on Stem from $0.60 to $0.65 and gave the stock a “buy” rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Stem has an average rating of “Hold” and a consensus price target 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.