Mirae Asset Global Investments Co. Ltd. Has $454,000 Stock Holdings in Stem, Inc. (NYSE:STEM)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Stem, Inc. (NYSE:STEM) by 39.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 116,932 shares of the company’s stock after selling 76,462 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Stem worth $454,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of STEM. International Assets Investment Management LLC increased its holdings in Stem by 363.3% in the 4th quarter. International Assets Investment Management LLC now owns 138,516 shares of the company’s stock valued at $537,000 after buying an additional 108,616 shares during the period. SG Americas Securities LLC bought a new position in Stem in the 4th quarter valued at about $209,000. Insight Wealth Strategies LLC increased its holdings in Stem by 91.3% in the 4th quarter. Insight Wealth Strategies LLC now owns 328,364 shares of the company’s stock valued at $1,274,000 after buying an additional 156,760 shares during the period. Aries Wealth Management increased its holdings in Stem by 66.7% in the 4th quarter. Aries Wealth Management now owns 25,000 shares of the company’s stock valued at $97,000 after buying an additional 10,000 shares during the period. Finally, DNB Asset Management AS grew its holdings in shares of Stem by 63.7% during the 4th quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock valued at $491,000 after purchasing an additional 49,256 shares during the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Analyst Upgrades and Downgrades

STEM has been the topic of several research reports. TD Cowen decreased their price target on shares of Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Piper Sandler decreased their price target on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Susquehanna decreased their price target on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. BMO Capital Markets decreased their price target on shares of Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a report on Thursday, February 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price target (down from $5.50) on shares of Stem in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.96.

Stem Stock Up 9.9 %

Shares of NYSE STEM opened at $1.83 on Friday. The company has a market capitalization of $287.94 million, a P/E ratio of -1.43 and a beta of 1.88. Stem, Inc. has a 52-week low of $1.46 and a 52-week high of $7.79. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.88. The company’s 50 day moving average price is $2.09 and its 200-day moving average price is $2.91.

Stem (NYSE:STEM) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The firm had revenue of $167.42 million during the quarter, compared to analyst estimates of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. Equities analysts forecast that Stem, Inc. will post -0.51 earnings per share for the current year.

Insider Transactions at Stem

In related news, insider Saul R. Laureles sold 9,893 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $3.23, for a total transaction of $31,954.39. Following the transaction, the insider now owns 56,226 shares in the company, valued at approximately $181,609.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO William John Bush sold 20,367 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $64,563.39. Following the transaction, the chief financial officer now owns 276,814 shares in the company, valued at approximately $877,500.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Saul R. Laureles sold 9,893 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $3.23, for a total transaction of $31,954.39. Following the transaction, the insider now owns 56,226 shares in the company, valued at approximately $181,609.98. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 130,418 shares of company stock worth $238,045 and have sold 515,950 shares worth $1,188,252. Corporate insiders own 9.12% of the company’s stock.

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.