Stem, Inc. (NYSE:STEM) Given Average Recommendation of “Hold” by Brokerages

Stem, Inc. (NYSE:STEM) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $1.11.

STEM has been the topic of several recent research reports. Roth Mkm raised their target price on shares of Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. BMO Capital Markets lowered their target price on shares of Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a report on Wednesday, March 5th. Piper Sandler lowered their target price 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. Finally, UBS Group raised their target price on shares of Stem from $0.60 to $0.65 and gave the stock a “buy” rating in a report on Friday.

Stem Stock Up 0.7 %

Shares of STEM stock opened at $0.44 on Monday. The firm has a 50 day moving average price of $0.65 and a two-hundred day moving average price of $0.51. The company has a market capitalization of $72.10 million, a PE ratio of -0.09 and a beta of 1.49. Stem has a 12-month low of $0.30 and a 12-month high of $2.28.

Stem (NYSE:STEM) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The firm had revenue of $55.83 million during the quarter, compared to the consensus estimate of $47.89 million. During the same period last year, the business posted ($0.21) earnings per share. As a group, research analysts expect 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 company. Virtu Financial LLC bought a new position in Stem in the third quarter valued at approximately $25,000. Aries Wealth Management grew its stake in shares of 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 buying an additional 25,000 shares during the last quarter. Creative Planning grew its stake in shares of Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after buying an additional 78,940 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of 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 buying an additional 103,254 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after buying an additional 160,165 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

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.