Stem, Inc. (NYSE:STEM) Receives $1.38 Average PT from Analysts

Shares of Stem, Inc. (NYSE:STEM) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $1.38.

A number of analysts recently issued reports on the company. Barclays lowered their target price on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. Susquehanna boosted their price target on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group reduced 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. Piper Sandler cut their price target on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd. Finally, UBS Group cut their price target on Stem from $1.00 to $0.60 and set a “buy” rating for the company in a research note on Friday, November 8th.

Stem Trading Up 13.4 %

STEM stock opened at $0.78 on Friday. The business’s 50-day moving average price is $0.54 and its two-hundred day moving average price is $0.61. The firm has a market cap of $127.60 million, a PE ratio of -0.15 and a beta of 1.43. Stem has a 1-year low of $0.30 and a 1-year high of $3.58.

Stem (NYSE:STEM) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The firm had revenue of $29.29 million during the quarter, compared to analyst estimates of $39.99 million. During the same period in the prior year, the business earned ($0.17) EPS. On average, analysts forecast that Stem will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Stem by 213.1% in the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after purchasing an additional 160,165 shares during the period. Geode Capital Management LLC boosted its position in Stem by 4.8% during the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after acquiring an additional 166,002 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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. Creative Planning boosted its position in shares of Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after purchasing an additional 78,940 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Stem during the 2nd quarter worth about $405,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.