Stem, Inc. (NYSE:STEM) Given Average Recommendation of “Hold” by Brokerages

Shares of Stem, Inc. (NYSE:STEM) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $2.71.

Several research analysts have recently issued reports on STEM shares. Evercore ISI reduced their target price on shares of Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Susquehanna lowered shares of Stem from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $2.00 to $0.50 in a research note on Friday, August 9th. TD Cowen lowered shares of Stem from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.00 to $1.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective on shares of Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group reduced their price objective on shares of Stem from $2.50 to $1.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Stem Stock Down 0.9 %

Shares of NYSE:STEM opened at $0.59 on Friday. Stem has a 12 month low of $0.30 and a 12 month high of $4.30. The company’s 50-day moving average price is $0.49 and its two-hundred day moving average price is $1.07. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. The firm has a market cap of $95.91 million, a P/E ratio of -0.41 and a beta of 1.68.

Stem (NYSE:STEM) last issued its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.01. The company had revenue of $34.00 million for the quarter, compared to analyst estimates of $64.06 million. Stem had a negative net margin of 213.33% and a negative return on equity of 63.98%. The company’s revenue for the quarter was down 63.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.56) EPS. As a group, research analysts forecast that Stem will post -0.66 EPS for the current fiscal year.

Institutional Trading of Stem

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC bought a new position in Stem during the second quarter worth $30,000. Nisa Investment Advisors LLC boosted its holdings in Stem by 2,416.1% in the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock valued at $32,000 after acquiring an additional 27,374 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Stem by 73.9% in the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after acquiring an additional 14,307 shares during the last quarter. Creative Planning boosted its holdings 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 buying an additional 78,940 shares in the last quarter. Finally, Wellington Wealth Strategies LLC. bought a new position in shares of Stem during the 4th quarter worth approximately $66,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.