Stem, Inc. (NYSE:STEM) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in shares of Stem, Inc. (NYSE:STEM) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,156 shares of the company’s stock after selling 30,339 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.07% of Stem worth $37,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Stem during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC lifted its stake in Stem by 2,416.1% during the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock worth $32,000 after purchasing an additional 27,374 shares during the last quarter. SG Americas Securities LLC lifted its stake in Stem by 73.9% during the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock worth $37,000 after purchasing an additional 14,307 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Stem during the first quarter worth approximately $179,000. Finally, Tidal Investments LLC lifted its stake in Stem by 904.0% during the first quarter. Tidal Investments LLC now owns 121,741 shares of the company’s stock worth $267,000 after purchasing an additional 109,616 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Price Performance

Stem stock opened at $0.39 on Friday. Stem, Inc. has a 12 month low of $0.30 and a 12 month 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. The business has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $0.82. The stock has a market capitalization of $63.77 million, a PE ratio of -0.08 and a beta of 1.65.

Analysts Set New Price Targets

Several research firms recently weighed in on STEM. Evercore ISI decreased their target price on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Piper Sandler reduced their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday. The Goldman Sachs Group reduced their price objective on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research note on Friday, November 1st. Susquehanna boosted their price objective on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Barclays reduced their price objective on Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research note on Friday, October 18th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Stem presently has an average rating of “Hold” and an average price target of $1.67.

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.