Stem, Inc. (NYSE:STEM) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in Stem, Inc. (NYSE:STEM) by 213.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 235,336 shares of the company’s stock after acquiring an additional 160,165 shares during the period. Barclays PLC’s holdings in Stem were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Stem during the second quarter worth about $30,000. Creative Planning raised its position in Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after buying an additional 78,940 shares during the last quarter. Rhumbline Advisers lifted its stake in Stem by 8.8% during the 2nd quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock valued at $291,000 after acquiring an additional 21,249 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Stem in the 2nd quarter valued at $405,000. Finally, SCP Investment LP increased its stake in shares of Stem by 36.9% in the third quarter. SCP Investment LP now owns 370,888 shares of the company’s stock worth $129,000 after acquiring an additional 100,000 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays cut their price target on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. 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 report on Friday, November 1st. Susquehanna boosted their price target on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a report on Wednesday, October 16th. UBS Group dropped their price objective on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Piper Sandler decreased their target price on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1.38.

Stem Stock Down 26.0 %

Shares of STEM opened at $0.84 on Friday. The stock has a 50 day moving average price of $0.47 and a 200 day moving average price of $0.64. Stem, Inc. has a one year low of $0.30 and a one year high of $3.80. 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 market capitalization of $136.14 million, a price-to-earnings ratio of -0.16 and a beta of 1.43.

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.