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

Stem, Inc. (NYSE:STEM) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $1.38.

A number of equities research analysts have issued reports on the stock. Susquehanna boosted their target price on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a report on Wednesday, October 16th. UBS Group lowered their target price 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. The Goldman Sachs Group decreased their price target on shares of Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a report on Friday, November 1st. Barclays decreased their price target 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. Finally, Piper Sandler decreased their price target 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.

Stem Trading Down 0.7 %

NYSE:STEM opened at $0.70 on Friday. The firm’s 50 day moving average is $0.52 and its 200 day moving average is $0.62. Stem has a 12 month low of $0.30 and a 12 month high of $3.58. The stock has a market capitalization of $113.27 million, a PE ratio of -0.13 and a beta of 1.43.

Stem (NYSE:STEM) last issued its earnings results on Wednesday, October 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The business had revenue of $29.29 million for the quarter, compared to the consensus estimate of $39.99 million. During the same period in the previous year, the firm earned ($0.17) EPS. Research analysts predict that Stem will post -0.52 earnings per share for the current year.

Institutional Trading of Stem

Several institutional investors have recently added to or reduced their stakes in STEM. Rhumbline Advisers boosted its position in Stem by 8.8% during the second quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock valued at $291,000 after buying an additional 21,249 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in Stem during the second quarter valued at about $30,000. Hsbc Holdings PLC boosted its position in Stem by 7.4% during the second quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock valued at $1,133,000 after buying an additional 71,956 shares during the period. Squarepoint Ops LLC boosted its position in Stem by 4,330.5% during the second quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock valued at $545,000 after buying an additional 480,163 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after purchasing an additional 764,401 shares during the period. 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.