Quadrature Capital Ltd Has $103,000 Position in Stem, Inc. (NYSE:STEM)

Quadrature Capital Ltd lowered its holdings in Stem, Inc. (NYSE:STEM) by 48.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,545 shares of the company’s stock after selling 25,350 shares during the quarter. Quadrature Capital Ltd’s holdings in Stem were worth $103,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lido Advisors LLC acquired a new stake in Stem in the 3rd quarter valued at $4,561,000. DNB Asset Management AS boosted its holdings in Stem by 63.7% during the 4th quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock worth $491,000 after acquiring an additional 49,256 shares during the last quarter. Virtu Financial LLC purchased a new position in Stem during the 4th quarter worth $228,000. SG Americas Securities LLC purchased a new position in Stem during the 4th quarter worth $209,000. Finally, Rock Point Advisors LLC boosted its holdings in Stem by 104.7% during the 4th quarter. Rock Point Advisors LLC now owns 1,407,525 shares of the company’s stock worth $5,461,000 after acquiring an additional 720,080 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Prakesh Patel sold 23,863 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total value of $44,623.81. Following the transaction, the insider now directly owns 181,668 shares in the company, valued at $339,719.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Prakesh Patel sold 23,863 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total value of $44,623.81. Following the transaction, the insider now directly owns 181,668 shares in the company, valued at $339,719.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William John Bush sold 24,035 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total transaction of $44,945.45. Following the transaction, the chief financial officer now owns 390,217 shares in the company, valued at $729,705.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 267,599 shares of company stock worth $495,763. Insiders own 10.17% of the company’s stock.

Stem Stock Down 3.9 %

STEM stock opened at $1.11 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.71 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $178.62 million, a PE ratio of -0.76 and a beta of 1.79. Stem, Inc. has a twelve month low of $1.07 and a twelve month high of $7.79. The stock has a 50-day simple moving average of $1.35 and a two-hundred day simple moving average of $2.30.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STEM shares. UBS Group cut their price objective on shares of Stem from $5.00 to $2.50 and set a “buy” rating on the stock in a report on Wednesday, May 8th. BMO Capital Markets cut their price objective on shares of Stem from $2.50 to $1.85 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Piper Sandler cut their price objective on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. The Goldman Sachs Group lowered their target price on Stem from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Finally, Evercore ISI lowered their target price on Stem from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.17.

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.