Citigroup Inc. Takes $558,000 Position in Stem, Inc. (NYSE:STEM)

Citigroup Inc. acquired a new stake in shares of Stem, Inc. (NYSE:STEM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,482 shares of the company’s stock, valued at approximately $558,000.

Several other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in shares of Stem in the second quarter worth about $36,000. Horrell Capital Management Inc. purchased a new stake in Stem in the second quarter worth about $46,000. US Bancorp DE purchased a new stake in Stem in the second quarter worth about $50,000. IFP Advisors Inc purchased a new stake in Stem in the second quarter worth about $100,000. Finally, Arkadios Wealth Advisors purchased a new stake in Stem in the second quarter worth about $136,000. 40.06% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on STEM shares. Susquehanna started coverage on shares of Stem in a report on Monday, July 19th. They issued a “positive” rating and a $35.00 price objective for the company. The Goldman Sachs Group lifted their target price on shares of Stem from $30.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 2nd. They noted that the move was a valuation call. Credit Suisse Group started coverage on shares of Stem in a report on Tuesday, June 29th. They set an “outperform” rating and a $48.00 target price for the company. Finally, Susquehanna Bancshares began coverage on shares of Stem in a report on Monday, July 19th. They set a “positive” rating and a $35.00 target price for the company.

STEM opened at $22.99 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.95 and a current ratio of 6.27. Stem, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $51.49. The firm’s fifty day moving average is $24.18 and its 200 day moving average is $26.52.

Stem (NYSE:STEM) last released its earnings results on Wednesday, August 11th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $19.34 million for the quarter.

About Stem

Stem, Inc operates as an energy technology company in the United States. The company offers energy storage solutions with Athena, an artificial intelligence powered analytics platform to optimize energy use by automatically switching between battery power, onsite generation, and grid power. It serves commercial and industrial enterprises, independent power producers, renewable project developers, utilities, and grid operators.

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Institutional Ownership by Quarter for Stem (NYSE:STEM)

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