Ursa Fund Management LLC Takes $194,000 Position in Stem, Inc. (NYSE:STEM)

Ursa Fund Management LLC bought a new stake in Stem, Inc. (NYSE:STEM) in the fourth quarter, HoldingsChannel.com reports. The fund bought 50,000 shares of the company’s stock, valued at approximately $194,000. Stem comprises 0.3% of Ursa Fund Management LLC’s holdings, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in STEM. abrdn plc acquired a new position in Stem during the 4th quarter worth $40,000. Sequoia Financial Advisors LLC bought a new position in Stem during the third quarter valued at about $55,000. Horizon Family Wealth Inc. acquired a new stake in Stem during the third quarter valued at approximately $57,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Stem in the third quarter valued at $75,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Stem by 54.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,025 shares of the company’s stock worth $89,000 after acquiring an additional 7,415 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STEM. TD Cowen dropped their price target on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $2.50 price target (down previously from $5.50) on shares of Stem in a research report on Friday, March 22nd. BMO Capital Markets lowered their price objective on shares of Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a research report on Thursday, February 29th. Piper Sandler reduced their target price on Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Finally, Susquehanna lowered their price target on Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.96.

Stem Stock Down 1.2 %

Shares of NYSE STEM traded down $0.02 during trading hours on Wednesday, hitting $1.68. The stock had a trading volume of 744,746 shares, compared to its average volume of 4,724,364. The firm’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $2.94. Stem, Inc. has a 52 week low of $1.46 and a 52 week high of $7.79. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23.

Stem (NYSE:STEM) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The business had revenue of $167.42 million for 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%. On average, sell-side analysts forecast that Stem, Inc. will post -0.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Saul R. Laureles sold 9,893 shares of the stock in a transaction dated Tuesday, January 30th. The stock was 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 of the company’s stock, valued at approximately $181,609.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director David S. Buzby acquired 33,800 shares of the stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $1.81 per share, for a total transaction of $61,178.00. Following the completion of the purchase, the director now owns 768,448 shares in the company, valued at approximately $1,390,890.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Saul R. Laureles sold 9,893 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $3.23, for a total transaction of $31,954.39. Following the completion of the sale, the insider now owns 56,226 shares in the company, valued at $181,609.98. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 130,418 shares of company stock valued at $238,045 and have sold 515,950 shares valued at $1,188,252. Company insiders own 9.12% of the company’s stock.

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.