Brokerages Set Stem, Inc. (NYSE:STEM) PT at $2.71

Stem, Inc. (NYSE:STEM) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $2.71.

A number of brokerages have recently commented on STEM. Susquehanna lowered Stem from a “positive” rating to a “neutral” rating and cut their price target for the company from $2.00 to $0.50 in a research note on Friday, August 9th. Evercore ISI reduced their target price on shares of Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. TD Cowen downgraded shares of Stem from a “buy” rating to a “hold” rating and dropped their price target for the company from $4.00 to $1.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective on shares of Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group lowered their target price on Stem from $2.50 to $1.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

Institutional Investors Weigh In On Stem

A number of hedge funds have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC bought a new stake in Stem in the fourth quarter valued at $41,000. Wellington Wealth Strategies LLC. acquired a new position in Stem during the 4th quarter worth approximately $66,000. Victory Capital Management Inc. boosted its holdings in Stem by 25.4% in the fourth quarter. Victory Capital Management Inc. now owns 19,536 shares of the company’s stock worth $76,000 after acquiring an additional 3,955 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Stem in the second quarter valued at approximately $30,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Stem by 2,416.1% during the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock valued at $32,000 after acquiring an additional 27,374 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors.

Stem Trading Down 2.5 %

STEM opened at $0.40 on Monday. The company’s 50 day moving average is $0.79 and its 200-day moving average is $1.29. The company has a market cap of $63.87 million, a P/E ratio of -0.24 and a beta of 1.70. Stem has a 1-year low of $0.36 and a 1-year high of $4.72. The company has a current ratio of 1.66, a quick ratio of 1.51 and a debt-to-equity ratio of 1.41.

Stem (NYSE:STEM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.01. Stem had a negative net margin of 213.33% and a negative return on equity of 63.98%. The company had revenue of $34.00 million during the quarter, compared to the consensus estimate of $64.06 million. During the same period in the prior year, the business earned ($0.56) earnings per share. The company’s revenue for the quarter was down 63.4% compared to the same quarter last year. Equities research analysts predict that Stem will post -0.66 earnings per share for the current fiscal year.

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.