UBS Group Lowers Stem (NYSE:STEM) Price Target to $0.60

Stem (NYSE:STEM) had its price objective lowered by investment analysts at UBS Group from $1.00 to $0.60 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 65.75% from the company’s previous close.

Several other analysts have also recently weighed in on STEM. TD Cowen cut shares of Stem from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $4.00 to $1.00 in a research note on Wednesday, August 7th. Barclays lowered their target price on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. Susquehanna boosted their price target on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their price objective on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Evercore ISI cut their target price on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1.86.

Stem Stock Up 3.4 %

STEM stock opened at $0.36 on Friday. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $4.30. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.10 and a quick ratio of 1.51. The stock has a market capitalization of $58.92 million, a price-to-earnings ratio of -0.07 and a beta of 1.65. The business’s fifty day moving average price is $0.45 and its two-hundred day moving average price is $0.91.

Institutional Trading of Stem

Several institutional investors and hedge funds have recently modified their holdings of STEM. Vanguard Personalized Indexing Management LLC bought a new position in Stem in the second quarter valued at about $30,000. Nisa Investment Advisors LLC grew its holdings in shares of Stem by 2,416.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock valued at $32,000 after purchasing an additional 27,374 shares during the last quarter. SG Americas Securities LLC increased its position in Stem by 73.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock worth $37,000 after purchasing an additional 14,307 shares in the last quarter. Creative Planning lifted its stake in Stem by 177.1% in 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 during the last quarter. Finally, SCP Investment LP boosted its position in Stem by 36.9% in the third quarter. SCP Investment LP now owns 370,888 shares of the company’s stock valued at $129,000 after buying an additional 100,000 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

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.