Stem (NYSE:STEM) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen downgraded shares of Stem (NYSE:STEM) from a sell rating to a strong sell rating in a research note released on Saturday.

A number of other equities research analysts have also recently commented on the company. Roth Mkm reiterated a “neutral” rating and issued a $11.00 price target on shares of Stem in a research note on Thursday. Susquehanna reduced their price objective on Stem from $21.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. UBS Group restated a “neutral” rating and issued a $12.00 price objective (down from $18.00) on shares of Stem in a research note on Tuesday, March 10th. Finally, Weiss Ratings cut Stem from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.75.

Stem Stock Performance

Stem stock opened at $9.14 on Friday. The stock has a 50-day moving average of $10.30 and a two-hundred day moving average of $14.60. Stem has a one year low of $5.93 and a one year high of $32.23. The stock has a market cap of $77.86 million, a PE ratio of -1.05 and a beta of 1.51.

Stem (NYSE:STEM) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($2.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.46). The business had revenue of $29.00 million during the quarter, compared to the consensus estimate of $34.61 million. As a group, sell-side analysts predict that Stem will post -7.18 EPS for the current fiscal year.

Insider Buying and Selling at Stem

In other news, CEO Arun Narayanan sold 5,145 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $11.12, for a total value of $57,212.40. Following the sale, the chief executive officer owned 12,980 shares in the company, valued at $144,337.60. This represents a 28.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 10,366 shares of company stock valued at $114,190 in the last quarter. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Stem

A number of hedge funds and other institutional investors have recently made changes to their positions in STEM. AQR Capital Management LLC grew its holdings in Stem by 505.8% during the first quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock worth $519,000 after acquiring an additional 1,238,012 shares during the period. Bank of America Corp DE grew its holdings in Stem by 104.0% during the third quarter. Bank of America Corp DE now owns 217,871 shares of the company’s stock worth $3,817,000 after acquiring an additional 111,068 shares during the period. Two Sigma Investments LP grew its holdings in Stem by 461.9% during the third quarter. Two Sigma Investments LP now owns 94,045 shares of the company’s stock worth $1,648,000 after acquiring an additional 77,307 shares during the period. GSA Capital Partners LLP grew its holdings in Stem by 569.1% during the fourth quarter. GSA Capital Partners LLP now owns 79,216 shares of the company’s stock worth $1,192,000 after acquiring an additional 67,377 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in Stem by 346.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 69,600 shares of the company’s stock worth $1,047,000 after acquiring an additional 54,000 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.

About Stem

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.