Rock Point Advisors LLC Cuts Holdings in Stem, Inc. (NYSE:STEM)

Rock Point Advisors LLC cut its holdings in Stem, Inc. (NYSE:STEM) by 41.0% during the third quarter, Holdings Channel reports. The institutional investor owned 954,245 shares of the company’s stock after selling 664,344 shares during the quarter. Rock Point Advisors LLC’s holdings in Stem were worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STEM. SCP Investment LP increased its holdings in Stem by 36.9% in the third quarter. SCP Investment LP now owns 370,888 shares of the company’s stock valued at $129,000 after buying an additional 100,000 shares in the last quarter. Creative Planning raised its holdings in 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 last quarter. Sanctuary Advisors LLC purchased a new position in shares of Stem in the second quarter valued at $405,000. AQR Capital Management LLC raised its stake in shares of Stem by 5,770.4% during the 2nd quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after buying an additional 764,401 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Stem by 4,330.5% in the 2nd quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock worth $545,000 after buying an additional 480,163 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Analyst Upgrades and Downgrades

STEM has been the subject of a number of research reports. Susquehanna lifted their target price on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Evercore ISI cut their price objective on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. TD Cowen downgraded Stem from a “buy” rating to a “hold” rating and dropped their price target for the stock from $4.00 to $1.00 in a research report on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Barclays dropped their price objective 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.67.

Stem Stock Down 0.9 %

Shares of STEM traded down $0.00 during trading on Tuesday, reaching $0.40. The company’s stock had a trading volume of 485,685 shares, compared to its average volume of 5,542,070. Stem, Inc. has a twelve month low of $0.30 and a twelve month high of $4.30. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.41. The company has a market cap of $64.76 million, a price-to-earnings ratio of -0.08 and a beta of 1.65. The company has a fifty day moving average of $0.43 and a two-hundred day moving average of $0.81.

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.