SCP Investment LP Buys 100,000 Shares of Stem, Inc. (NYSE:STEM)

SCP Investment LP increased its stake in Stem, Inc. (NYSE:STEM) by 36.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,888 shares of the company’s stock after purchasing an additional 100,000 shares during the period. SCP Investment LP’s holdings in Stem were worth $129,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Stem by 904.0% in the 1st quarter. Tidal Investments LLC now owns 121,741 shares of the company’s stock valued at $267,000 after purchasing an additional 109,616 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Stem by 181.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock valued at $950,000 after acquiring an additional 551,492 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Stem by 45.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 158,102 shares of the company’s stock valued at $347,000 after purchasing an additional 49,713 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Stem by 2,416.1% in the 2nd 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. Finally, Creative Planning grew its stake in shares of Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after purchasing an additional 78,940 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Price Performance

Shares of NYSE:STEM opened at $0.34 on Wednesday. The firm has a 50 day simple moving average of $0.44 and a 200 day simple moving average of $0.84. The company has a market cap of $55.56 million, a price-to-earnings ratio of -0.07 and a beta of 1.65. Stem, Inc. has a one year low of $0.30 and a one year 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 several analyst reports. Susquehanna increased their target price on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their price objective on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a report on Friday, November 1st. Evercore ISI reduced their target price on shares of Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Barclays reduced 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, UBS Group reduced their price target on Stem from $1.00 to $0.60 and set a “buy” rating for the company in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stem has an average rating of “Hold” and a consensus price target of $1.86.

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.