![]() ![]() Institutional investors have recently made changes to their positions in the company. Corporate insiders own 9.12% of the company’s stock. Insiders have sold a total of 21,069 shares of company stock worth $116,012 over the last 90 days. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Following the sale, the chief executive officer now owns 111,422 shares in the company, valued at $705,301.26. The stock was sold at an average price of $6.33, for a total transaction of $83,657.28. In other Stem news, CEO John Eugene Carrington sold 13,216 shares of the stock in a transaction on Monday, March 20th. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued. This buyback authorization authorizes the company to reacquire up to 81.1% of its stock through open market purchases. Stem announced that its board has initiated a stock repurchase program on Wednesday, May 3rd that authorizes the company to buyback $500.00 million in outstanding shares. will post -0.67 earnings per share for the current year. Equities analysts anticipate that Stem, Inc. During the same quarter in the previous year, the company posted ($0.21) EPS. Stem’s revenue for the quarter was up 63.4% on a year-over-year basis. Stem had a negative net margin of 37.59% and a negative return on equity of 26.02%. The firm had revenue of $67.00 million during the quarter, compared to analysts’ expectations of $63.34 million. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.05). Stem ( NYSE:STEM – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.39. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. They issued a “buy” rating and a $12.00 target price for the company. Finally, Janney Montgomery Scott started coverage on Stem in a report on Tuesday, June 6th. The Goldman Sachs Group reduced their target price on Stem from $14.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, March 30th. TD Cowen reduced their target price on Stem from $11.00 to $8.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Wolfe Research lowered Stem from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 6th. UBS Group decreased their price objective on Stem from $9.50 to $8.00 in a report on Tuesday, May 9th. Analysts Set New Price TargetsĪ number of analysts have commented on STEM shares. The stock had previously closed at $6.31. ![]() Approximately 2,679,397 shares changed hands during trading, a decline of 52% from the average daily volume of 5,601,029 shares. The company traded as low as $6.01 and last traded at $6.02. ( NYSE:STEM – Get Rating) shares were down 4.6% during trading on Friday. ![]()
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