Stem, Inc. (NYSE:STEM) Receives $1.38 Average Target Price from Brokerages

Shares of Stem, Inc. (NYSE:STEM) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1.38.

A number of analysts recently weighed in on STEM shares. UBS Group decreased their price target on shares of Stem from $1.00 to $0.60 and set a “buy” rating for the company in a research 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 for the company in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Stem Trading Down 4.7 %

Shares of Stem stock opened at $0.51 on Thursday. The company has a fifty day moving average price of $0.60 and a 200 day moving average price of $0.53. Stem has a twelve month low of $0.30 and a twelve month high of $3.46. The stock has a market cap of $83.49 million, a price-to-earnings ratio of -0.10 and a beta of 1.43.

Institutional Investors Weigh In On Stem

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Stem during the third quarter worth about $25,000. Aries Wealth Management raised its stake in Stem by 100.0% during the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after acquiring an additional 25,000 shares during the period. Creative Planning raised its stake in Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after acquiring an additional 78,940 shares during the period. Barclays PLC raised its stake in Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after acquiring an additional 160,165 shares during the period. Finally, SCP Investment LP raised its stake in Stem by 36.9% during the third quarter. SCP Investment LP now owns 370,888 shares of the company’s stock worth $129,000 after acquiring an additional 100,000 shares during the period. 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.