Investors Buy Large Volume of Stem Call Options (NYSE:STEM)

Stem, Inc. (NYSE:STEM) was the recipient of unusually large options trading on Friday. Stock investors bought 4,015 call options on the stock. This is an increase of approximately 282% compared to the typical volume of 1,051 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Stem during the third quarter worth $25,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Stem in the 2nd quarter worth about $30,000. Creative Planning lifted its position in Stem by 177.1% in the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after acquiring an additional 78,940 shares in the last quarter. Barclays PLC boosted its stake in Stem by 213.1% during the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after purchasing an additional 160,165 shares during the last quarter. Finally, SCP Investment LP increased its holdings in Stem by 36.9% during the 3rd quarter. SCP Investment LP now owns 370,888 shares of the company’s stock worth $129,000 after purchasing an additional 100,000 shares in the last quarter. 61.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on STEM shares. UBS Group cut their price target on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna lifted their target price on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Barclays decreased their price target 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. Piper Sandler cut their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group decreased 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. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Stem has an average rating of “Hold” and a consensus price target of $1.38.

Stem Price Performance

Stem stock opened at $0.59 on Friday. The stock has a market capitalization of $96.77 million, a price-to-earnings ratio of -0.11 and a beta of 1.64. Stem has a 52-week low of $0.30 and a 52-week high of $4.12. 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’s 50 day moving average price is $0.40 and its two-hundred day moving average price is $0.66.

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.