Roth Mkm Forecasts Strong Price Appreciation for Stem (NYSE:STEM) Stock

Stem (NYSE:STEM) had its price target boosted by equities research analysts at Roth Mkm from $0.35 to $0.40 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Roth Mkm’s price objective indicates a potential downside of 9.71% from the company’s previous close.

A number of other brokerages have also weighed in on STEM. Piper Sandler lowered their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets decreased their price target on Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, UBS Group dropped their price objective on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Stem has an average rating of “Hold” and an average target price of $1.11.

Stem Price Performance

Shares of NYSE STEM opened at $0.44 on Wednesday. The stock has a fifty day moving average price of $0.65 and a 200 day moving average price of $0.51. Stem has a 1-year low of $0.30 and a 1-year high of $2.28. The company has a market cap of $72.10 million, a PE ratio of -0.09 and a beta of 1.49.

Stem (NYSE:STEM) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $55.83 million during the quarter, compared to the consensus estimate of $47.89 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. During the same quarter in the prior year, the firm earned ($0.21) EPS. Analysts anticipate that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Stem

A number of institutional investors have recently bought and sold shares of the company. Aries Wealth Management raised its stake in shares of Stem by 100.0% during the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after buying an additional 25,000 shares during the last quarter. Virtu Financial LLC purchased a new position in Stem during the 3rd quarter valued at about $25,000. Balyasny Asset Management L.P. raised its position in Stem by 569.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company’s stock worth $73,000 after acquiring an additional 103,254 shares during the last quarter. Creative Planning raised its position 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 last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Stem by 25.3% in the fourth quarter. Bank of America Corp DE now owns 183,840 shares of the company’s stock valued at $111,000 after purchasing an additional 37,115 shares in the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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.