UBS Group Cuts Stem (NYSE:STEM) Price Target to $0.60

Stem (NYSE:STEM) had its price objective cut by stock analysts at UBS Group from $1.00 to $0.60 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 71.38% from the company’s current price.

Several other brokerages have also commented on STEM. Susquehanna raised their price target on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Evercore ISI cut their target price on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. The Goldman Sachs Group decreased their price target on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research note on Friday, November 1st. TD Cowen cut shares of Stem from a “buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $1.00 in a research note on Wednesday, August 7th. Finally, Barclays decreased their target price on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1.86.

Stem Stock Performance

NYSE STEM traded up $0.00 during trading hours on Friday, hitting $0.35. The company had a trading volume of 2,088,392 shares, compared to its average volume of 5,493,486. The company has a quick ratio of 1.51, a current ratio of 1.10 and a debt-to-equity ratio of 1.41. The firm has a market cap of $56.98 million, a P/E ratio of -0.07 and a beta of 1.65. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $4.30. The business has a fifty day simple moving average of $0.45 and a 200-day simple moving average of $0.92.

Stem (NYSE:STEM) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. The business had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $64.06 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The company’s revenue for the quarter was down 63.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.56) EPS. Equities analysts predict that Stem will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC purchased a new position in Stem in the 2nd quarter worth about $30,000. Nisa Investment Advisors LLC lifted its stake in 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 buying an additional 27,374 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Stem by 73.9% in the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock worth $37,000 after buying an additional 14,307 shares during the period. Creative Planning increased its position in shares of Stem by 177.1% in 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 in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Stem during the first quarter valued at approximately $179,000. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.