GSA Capital Partners LLP Sells 791,632 Shares of Stem, Inc. (NYSE:STEM)

GSA Capital Partners LLP cut its stake in shares of Stem, Inc. (NYSE:STEM) by 74.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,292 shares of the company’s stock after selling 791,632 shares during the period. GSA Capital Partners LLP owned about 0.17% of Stem worth $94,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SIR Capital Management L.P. raised its stake in shares of Stem by 327.0% during 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 increased its holdings in Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after buying an additional 764,401 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Stem by 181.1% in the second 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 during the period. Squarepoint Ops LLC boosted its stake in Stem by 4,330.5% in the second quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock valued at $545,000 after acquiring an additional 480,163 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Stem in the second quarter valued at about $405,000. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on STEM. Susquehanna upped their price target on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Evercore ISI decreased their price target on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. TD Cowen lowered Stem from a “buy” rating to a “hold” rating and dropped their price objective for the company from $4.00 to $1.00 in a research note on Wednesday, August 7th. Barclays dropped their price target on Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research report on Friday, October 18th. Finally, The Goldman Sachs Group dropped their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1.67.

Stem Stock Performance

Shares of STEM stock opened at $0.40 on Tuesday. The company has a market capitalization of $65.20 million, a P/E ratio of -0.08 and a beta of 1.65. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 1.10. The stock has a 50 day moving average price of $0.43 and a two-hundred day moving average price of $0.81. Stem, Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $4.30.

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.