Brokerages Set Stem, Inc. (NYSE:STEM) Price Target at $1.38

Stem, Inc. (NYSE:STEM) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $1.38.

STEM has been the topic of a number of recent analyst reports. Susquehanna increased 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. Barclays decreased 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. UBS Group cut their price target on shares of Stem from $1.00 to $0.60 and set a “buy” rating for the company in a report on Friday, November 8th. Piper Sandler decreased their price objective on shares of Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Finally, The Goldman Sachs Group dropped their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

Institutional Investors Weigh In On Stem

Hedge funds have recently modified their holdings of the business. 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 worth $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 holdings in shares of Stem by 77.1% during 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 purchasing an additional 1,047,825 shares during the last quarter. Rock Point Advisors LLC boosted its holdings in shares of Stem by 7.3% during the 2nd quarter. Rock Point Advisors LLC now owns 1,618,589 shares of the company’s stock worth $1,797,000 after purchasing an additional 109,810 shares during the last quarter. SIR Capital Management L.P. grew its position 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 valued at $1,752,000 after purchasing an additional 1,208,875 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Stem by 7.4% in the second quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock valued at $1,133,000 after purchasing an additional 71,956 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stem Trading Up 44.2 %

STEM stock opened at $0.59 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.41. Stem has a 52-week low of $0.30 and a 52-week high of $4.12. The company’s 50-day simple moving average is $0.40 and its 200-day simple moving average is $0.66. The firm has a market cap of $96.77 million, a P/E ratio of -0.11 and a beta of 1.64.

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.