Stem, Inc. (NYSE:STEM) Shares Acquired by Creative Planning

Creative Planning lifted its stake in shares of Stem, Inc. (NYSE:STEM) by 177.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,521 shares of the company’s stock after acquiring an additional 78,940 shares during the period. Creative Planning owned 0.08% of Stem worth $43,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. SIR Capital Management L.P. raised its holdings in shares of Stem by 327.0% in the 2nd quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock worth $1,752,000 after purchasing an additional 1,208,875 shares during the period. AQR Capital Management LLC grew its position in shares of Stem by 5,770.4% in the 2nd quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after acquiring an additional 764,401 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Stem by 181.1% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock worth $950,000 after acquiring an additional 551,492 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Stem by 4,330.5% in the 2nd quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock worth $545,000 after purchasing an additional 480,163 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Stem in the 2nd quarter worth approximately $405,000. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Stock Down 2.2 %

NYSE STEM opened at $0.38 on Thursday. The stock has a fifty day moving average of $0.45 and a 200-day moving average of $0.88. Stem, Inc. has a 52 week low of $0.30 and a 52 week high of $4.30. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.10 and a quick ratio of 0.94.

Analyst Ratings Changes

STEM has been the topic of a number of research reports. TD Cowen downgraded Stem from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $4.00 to $1.00 in a research note on Wednesday, August 7th. Barclays dropped their target price on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. Evercore ISI lowered their price objective on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Susquehanna raised their target price on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their target price on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Stem currently has a consensus rating of “Hold” and a consensus target price of $1.86.

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.