Stem (NYSE:STEM) Downgraded by Susquehanna to “Neutral”

Susquehanna cut shares of Stem (NYSE:STEM) from a positive rating to a neutral rating in a report released on Friday morning, Marketbeat Ratings reports. Susquehanna currently has $0.50 target price on the stock, down from their prior target price of $2.00.

Several other research analysts have also issued reports on the company. The Goldman Sachs Group decreased their target price on Stem from $1.40 to $0.75 and set a neutral rating for the company in a research report on Thursday. BMO Capital Markets lowered their price objective on Stem from $2.50 to $1.85 and set a market perform rating for the company in a research report on Friday, May 3rd. UBS Group dropped their price objective on shares of Stem from $2.50 to $1.00 and set a buy rating on the stock in a research note on Thursday. Evercore ISI decreased their target price on shares of Stem from $9.00 to $5.00 and set an outperform rating for the company in a research note on Wednesday. Finally, Piper Sandler lowered their target price 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. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $2.71.

Stem Trading Up 5.1 %

Shares of Stem stock traded up $0.03 during midday trading on Friday, reaching $0.58. 9,780,390 shares of the company’s stock traded hands, compared to its average volume of 4,711,392. The company has a market cap of $93.30 million, a PE ratio of -0.40 and a beta of 1.75. The stock has a 50 day moving average of $1.16 and a 200-day moving average of $1.78. 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 quick ratio of 1.61 and a current ratio of 1.71.

Stem (NYSE:STEM) last posted its earnings results on Tuesday, August 6th. The company reported ($0.22) 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 40.21%. The firm had revenue of $34.00 million during the quarter, compared to analysts’ expectations of $64.06 million. During the same period last year, the company posted ($0.56) EPS. The company’s quarterly revenue was down 63.4% compared to the same quarter last year. As a group, equities analysts expect that Stem will post -0.72 EPS for the current fiscal year.

Institutional Trading of Stem

A number of institutional investors and hedge funds have recently modified their holdings of STEM. New York State Common Retirement Fund lifted its position in Stem by 6.9% during the fourth quarter. New York State Common Retirement Fund now owns 59,491 shares of the company’s stock valued at $231,000 after purchasing an additional 3,855 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Stem by 25.4% in the 4th quarter. Victory Capital Management Inc. now owns 19,536 shares of the company’s stock worth $76,000 after buying an additional 3,955 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Stem by 31.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 25,000 shares of the company’s stock worth $97,000 after acquiring an additional 6,050 shares during the period. SCP Investment LP boosted its holdings in shares of Stem by 4.7% in the fourth quarter. SCP Investment LP now owns 172,600 shares of the company’s stock worth $734,000 after buying an additional 7,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stem by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,693 shares of the company’s stock worth $170,000 after acquiring an additional 8,506 shares during the last quarter. Institutional investors 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.