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

Shares of Stem, Inc. (NYSE:STEM) have received a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $1.67.

A number of research firms have recently issued reports on STEM. Piper Sandler cut their price objective on shares of Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. TD Cowen cut Stem from a “buy” rating to a “hold” rating and reduced their price objective for the company from $4.00 to $1.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group decreased 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. Susquehanna increased their target price on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, UBS Group lowered their price objective on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th.

Stem Stock Down 7.7 %

Shares of Stem stock opened at $0.39 on Friday. The firm has a market cap of $63.83 million, a price-to-earnings ratio of -0.08 and a beta of 1.65. The stock’s 50-day moving average is $0.43 and its 200 day moving average is $0.80. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.10 and a quick ratio of 0.94. Stem has a one year low of $0.30 and a one year high of $4.30.

Institutional Trading of Stem

Several hedge funds have recently made changes to their positions in STEM. SIR Capital Management L.P. increased its stake in shares of Stem by 327.0% in the second quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock worth $1,752,000 after purchasing an additional 1,208,875 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Stem by 77.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after buying an additional 1,047,825 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Stem by 5,770.4% in the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after acquiring an additional 764,401 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Stem by 181.1% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock valued at $950,000 after purchasing an additional 551,492 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Stem by 4,330.5% during the 2nd quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock valued at $545,000 after purchasing an additional 480,163 shares during the period. 61.63% of the stock is currently owned by institutional investors.

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.