Stem, Inc. (NYSE:STEM) Short Interest Down 14.2% in January

Stem, Inc. (NYSE:STEM) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 40,640,000 shares, a drop of 14.2% from the December 31st total of 47,350,000 shares. Currently, 26.8% of the shares of the company are sold short. Based on an average daily volume of 12,380,000 shares, the days-to-cover ratio is presently 3.3 days.

Hedge Funds Weigh In On Stem

A number of large investors have recently made changes to their positions in the stock. Aries Wealth Management boosted its stake in Stem by 100.0% during the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after buying an additional 25,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Stem during the 3rd quarter valued at about $25,000. Barclays PLC grew its holdings in shares of Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after purchasing an additional 160,165 shares in the last quarter. Geode Capital Management LLC raised its stake in Stem by 4.8% in the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after purchasing an additional 166,002 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Stem by 77.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after acquiring an additional 1,047,825 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STEM has been the subject of a number of research analyst reports. UBS Group cut 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. Piper Sandler cut their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. The Goldman Sachs Group dropped their target price on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Barclays decreased their price objective on shares of 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, Susquehanna increased their price target on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1.38.

Stem Stock Performance

STEM traded up $0.03 during mid-day trading on Friday, reaching $0.60. 6,449,686 shares of the stock were exchanged, compared to its average volume of 20,254,152. Stem has a 1 year low of $0.30 and a 1 year high of $3.58. The company has a 50 day moving average price of $0.57 and a two-hundred day moving average price of $0.59. The stock has a market capitalization of $97.65 million, a PE ratio of -0.12 and a beta of 1.43.

Stem (NYSE:STEM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. The company had revenue of $29.29 million during the quarter, compared to the consensus estimate of $39.99 million. During the same period last year, the firm posted ($0.17) EPS. Sell-side analysts expect that Stem will post -0.52 EPS for the current fiscal year.

Stem Company 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.