Stem, Inc. (NYSE:STEM) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lessened its position in shares of Stem, Inc. (NYSE:STEM) by 30.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,321 shares of the company’s stock after selling 7,650 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Stem were worth $67,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in STEM. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Stem by 16.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,187 shares of the company’s stock worth $149,000 after purchasing an additional 4,924 shares during the last quarter. Swiss National Bank boosted its stake in Stem by 1.6% in the 3rd quarter. Swiss National Bank now owns 324,800 shares of the company’s stock worth $1,377,000 after buying an additional 5,100 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Stem by 39.3% in the 3rd quarter. Principal Financial Group Inc. now owns 21,067 shares of the company’s stock valued at $89,000 after buying an additional 5,941 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Stem by 54.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,025 shares of the company’s stock valued at $89,000 after acquiring an additional 7,415 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stem by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,693 shares of the company’s stock worth $170,000 after acquiring an additional 8,506 shares during the period. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on STEM. BMO Capital Markets dropped their price target on shares of Stem from $4.00 to $3.25 and set a “market perform” rating for the company in a research report on Thursday, February 29th. TD Cowen cut their target price on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $2.50 price target (down previously from $5.50) on shares of Stem in a research report on Friday, March 22nd. Susquehanna reduced their price objective on Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a research note on Thursday, February 29th. Finally, Piper Sandler dropped their target price on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.96.

Stem Stock Performance

STEM opened at $1.83 on Friday. The firm’s 50 day moving average is $2.09 and its 200-day moving average is $2.91. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23. Stem, Inc. has a 52-week low of $1.46 and a 52-week high of $7.79.

Stem (NYSE:STEM) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The firm had revenue of $167.42 million during the quarter, compared to analyst estimates of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. On average, equities research analysts predict that Stem, Inc. will post -0.51 earnings per share for the current year.

Insider Buying and Selling at Stem

In other Stem news, insider Saul R. Laureles sold 9,893 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $3.23, for a total value of $31,954.39. Following the transaction, the insider now directly owns 56,226 shares of the company’s stock, valued at approximately $181,609.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Stem news, insider Saul R. Laureles sold 9,893 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $3.23, for a total transaction of $31,954.39. Following the completion of the transaction, the insider now directly owns 56,226 shares of the company’s stock, valued at approximately $181,609.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Saul R. Laureles sold 10,959 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $3.17, for a total transaction of $34,740.03. Following the transaction, the insider now directly owns 80,003 shares of the company’s stock, valued at $253,609.51. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 130,418 shares of company stock worth $238,045 and sold 515,950 shares worth $1,188,252. 9.12% of the stock is owned by insiders.

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.