Stock Traders Purchase Large Volume of Call Options on Stem (NYSE:STEM)

Stem, Inc. (NYSE:STEM - Get Free Report) was the recipient of unusually large options trading on Friday. Traders purchased 4,015 call options on the company. This represents an increase of 282% compared to the average volume of 1,051 call options.

Hedge Funds Weigh In On Stem

Several large investors have recently bought and sold shares of STEM. SIR Capital Management L.P. lifted its position in shares of Stem by 327.0% during the 2nd quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company's stock worth $1,752,000 after buying an additional 1,208,875 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stem by 77.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company's stock valued at $837,000 after acquiring an additional 1,047,825 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company's stock worth $863,000 after acquiring an additional 764,401 shares during the period. Squarepoint Ops LLC boosted its position in Stem by 4,330.5% in the second quarter. Squarepoint Ops LLC now owns 491,251 shares of the company's stock worth $545,000 after purchasing an additional 480,163 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Stem in the 2nd quarter valued at $405,000. 61.63% of the stock is currently owned by institutional investors.

Stem Stock Up 44.2 %

Shares of STEM stock traded up $0.18 during trading hours on Friday, reaching $0.59. The company had a trading volume of 46,844,805 shares, compared to its average volume of 5,742,863. The business has a fifty day simple moving average of $0.40 and a 200-day simple moving average of $0.66. Stem has a 12 month low of $0.30 and a 12 month high of $4.12. The company has a market cap of $96.77 million, a price-to-earnings ratio of -0.11 and a beta of 1.64. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.10 and a quick ratio of 0.94.

Analyst Ratings Changes

A number of equities research analysts have commented on STEM shares. Piper Sandler reduced their price target on shares of Stem from $1.50 to $0.30 and set a "neutral" rating for the company in a report on Friday, November 22nd. Barclays decreased their target price 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. Susquehanna increased their price target on Stem from $0.50 to $0.60 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on Stem from $0.75 to $0.65 and set a "neutral" rating for the company in a report on Friday, November 1st. Finally, UBS Group cut their target price on Stem from $1.00 to $0.60 and set a "buy" rating on the stock in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $1.38.

About Stem

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.