Stem (NYSE:STEM) Price Target Cut to $0.60 by Analysts at UBS Group

Stem (NYSE:STEM) had its price objective decreased by UBS Group from $1.00 to $0.60 in a report issued on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other brokerages also recently commented on STEM. Barclays dropped 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. The Goldman Sachs Group decreased their target price on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research note on Friday, November 1st. Susquehanna lifted 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. Evercore ISI reduced their price objective on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, TD Cowen lowered shares of Stem from a “buy” rating to a “hold” rating and dropped their target price for the stock from $4.00 to $1.00 in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1.86.

Stem Price Performance

Shares of NYSE:STEM opened at $0.41 on Friday. The firm has a market cap of $67.18 million, a price-to-earnings ratio of -0.08 and a beta of 1.65. Stem has a 1 year low of $0.30 and a 1 year high of $4.30. The company has a current ratio of 1.10, a quick ratio of 1.51 and a debt-to-equity ratio of 1.41. The business has a fifty day simple moving average of $0.45 and a 200 day simple moving average of $0.89.

Institutional Trading of Stem

Institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Stem during the second quarter worth approximately $30,000. Nisa Investment Advisors LLC raised its position in Stem by 2,416.1% in 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 boosted its stake in Stem by 73.9% in the second 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 grew its holdings in shares of Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after purchasing an additional 78,940 shares during the last quarter. Finally, SCP Investment LP increased its stake in shares of 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. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.