Stem Sees Unusually High Options Volume (NYSE:STEM)

Stem, Inc. (NYSE:STEM) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 4,015 call options on the company. This is an increase of 282% compared to the average daily volume of 1,051 call options.

Stem Trading Down 5.3 %

NYSE STEM traded down $0.02 during trading on Friday, hitting $0.39. The company had a trading volume of 8,381,603 shares, compared to its average volume of 5,584,544. The company’s fifty day moving average is $0.40 and its 200-day moving average is $0.67. The company has a market cap of $63.54 million, a price-to-earnings ratio of -0.08 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. Stem has a one year low of $0.30 and a one year high of $4.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in STEM. Rhumbline Advisers lifted its position in Stem by 8.8% during the second quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock valued at $291,000 after buying an additional 21,249 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Stem in the 2nd quarter worth about $30,000. Virtu Financial LLC bought a new position in Stem in the 3rd quarter worth about $25,000. Hsbc Holdings PLC grew its position in Stem by 7.4% during the 2nd quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock valued at $1,133,000 after purchasing an additional 71,956 shares during the last quarter. Finally, Creative Planning increased its stake in Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after purchasing an additional 78,940 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays cut their price target on Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research note on Friday, October 18th. UBS Group dropped their price objective on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna increased their target price on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Piper Sandler decreased their price target on shares of Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Finally, The Goldman Sachs Group cut their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Stem has an average rating of “Hold” and a consensus target price of $1.38.

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.