Stem (NYSE:STEM) Given New $1.00 Price Target at UBS Group

Stem (NYSE:STEM) had its target price decreased by UBS Group from $2.50 to $1.00 in a research note issued to investors on Thursday, Benzinga reports. UBS Group currently has a buy rating on the stock.

STEM has been the subject of a number of other research reports. Evercore ISI dropped their price objective on Stem from $9.00 to $5.00 and set an outperform rating for the company in a research report on Wednesday. Piper Sandler lowered their price target on shares of Stem from $3.00 to $2.00 and set a neutral rating for the company in a report on Thursday, April 11th. The Goldman Sachs Group cut their price objective on shares of Stem from $2.50 to $2.00 and set a neutral rating for the company in a research report on Monday, May 6th. Susquehanna decreased their target price on shares of Stem from $2.50 to $2.00 and set a positive rating on the stock in a research report on Monday, July 15th. Finally, TD Cowen downgraded Stem from a buy rating to a hold rating and cut their price target for the company from $4.00 to $1.00 in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $2.71.

Stem Price Performance

Shares of NYSE STEM traded up $0.03 on Thursday, hitting $0.58. The company’s stock had a trading volume of 9,766,574 shares, compared to its average volume of 4,711,392. The stock has a 50 day moving average of $1.18 and a 200-day moving average of $1.81. The company has a market capitalization of $93.30 million, a price-to-earnings ratio of -0.41 and a beta of 1.75. Stem has a 12-month low of $0.53 and a 12-month high of $6.70. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.71 and a quick ratio of 1.61.

Stem (NYSE:STEM) last posted its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. The firm had revenue of $34.00 million for the quarter, compared to analyst estimates of $64.06 million. Stem had a negative return on equity of 40.21% and a negative net margin of 213.33%. Stem’s revenue was down 63.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.56) EPS. As a group, research analysts predict that Stem will post -0.72 EPS for the current year.

Institutional Trading of Stem

A number of institutional investors and hedge funds have recently made changes to their positions in STEM. Nisa Investment Advisors LLC boosted its holdings in Stem by 2,416.1% in 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 during the last quarter. SG Americas Securities LLC increased its position in Stem by 73.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock worth $37,000 after purchasing an additional 14,307 shares in the last quarter. abrdn plc purchased a new position in Stem in the fourth quarter valued at approximately $40,000. Neuberger Berman Group LLC acquired a new position in shares of Stem during the 4th quarter valued at $41,000. Finally, Wellington Wealth Strategies LLC. acquired a new position in shares of Stem during the fourth quarter worth about $66,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.