Virtu Financial LLC Buys New Holdings in Stem, Inc. (NYSE:STEM)

Virtu Financial LLC bought a new stake in Stem, Inc. (NYSE:STEM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,720 shares of the company’s stock, valued at approximately $228,000.

A number of other large investors have also recently bought and sold shares of STEM. Swiss National Bank lifted its holdings in Stem by 1.6% in the third quarter. Swiss National Bank now owns 324,800 shares of the company’s stock valued at $1,377,000 after acquiring an additional 5,100 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Stem by 54.5% in the third 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 period. Charles Schwab Investment Management Inc. lifted its holdings in Stem by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,127,800 shares of the company’s stock valued at $4,782,000 after acquiring an additional 39,010 shares during the period. Deutsche Bank AG lifted its holdings in Stem by 3.8% in the third quarter. Deutsche Bank AG now owns 605,722 shares of the company’s stock valued at $2,568,000 after acquiring an additional 22,222 shares during the period. Finally, Electron Capital Partners LLC lifted its holdings in Stem by 62.2% in the third quarter. Electron Capital Partners LLC now owns 4,978,739 shares of the company’s stock valued at $21,110,000 after acquiring an additional 1,909,478 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Wall Street Analysts Forecast Growth

STEM has been the subject of several research analyst reports. BMO Capital Markets reduced their target price on Stem from $2.50 to $1.85 and set a “market perform” rating for the company in a research note on Friday, May 3rd. The Goldman Sachs Group reduced their target price on Stem from $2.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. UBS Group reduced their target price on Stem from $5.00 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Evercore ISI reduced their target price on Stem from $13.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Piper Sandler reduced their target price on Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.17.

Stem Stock Up 0.9 %

NYSE STEM opened at $1.13 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.61 and a current ratio of 1.71. The business has a fifty day moving average price of $1.39 and a 200 day moving average price of $2.38. The company has a market cap of $182.66 million, a P/E ratio of -0.78 and a beta of 1.79. Stem, Inc. has a one year low of $1.08 and a one year high of $7.79.

Stem (NYSE:STEM) last issued its earnings results on Thursday, May 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The company had revenue of $25.50 million during the quarter, compared to analysts’ expectations of $66.67 million. Stem had a negative net margin of 40.03% and a negative return on equity of 36.20%. The firm’s quarterly revenue was down 61.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.29) earnings per share. Research analysts anticipate that Stem, Inc. will post -0.84 EPS for the current fiscal year.

Insider Buying and Selling at Stem

In other Stem news, insider Prakesh Patel sold 23,863 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $44,623.81. Following the completion of the sale, the insider now directly owns 181,668 shares in the company, valued at approximately $339,719.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CRO Alan Russo sold 24,142 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total transaction of $45,145.54. Following the completion of the transaction, the executive now directly owns 212,910 shares in the company, valued at approximately $398,141.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Prakesh Patel sold 23,863 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $44,623.81. Following the transaction, the insider now owns 181,668 shares of the company’s stock, valued at $339,719.16. The disclosure for this sale can be found here. Insiders sold a total of 267,599 shares of company stock worth $495,763 in the last three months. 10.17% of the stock is owned by corporate insiders.

About Stem

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.