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

Shares of Stem, Inc. (NYSE:STEM) have earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.71.

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

Stem Trading Down 2.5 %

NYSE:STEM opened at $0.40 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.66 and a quick ratio of 1.51. Stem has a one year low of $0.36 and a one year high of $4.72. The company has a market cap of $63.87 million, a PE ratio of -0.24 and a beta of 1.70. The firm has a 50-day moving average of $0.79 and a 200-day moving average of $1.29.

Stem (NYSE:STEM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. Stem had a negative return on equity of 63.98% and a negative net margin of 213.33%. The firm had revenue of $34.00 million during the quarter, compared to analyst estimates of $64.06 million. During the same period in the previous year, the company posted ($0.56) EPS. The company’s revenue for the quarter was down 63.4% on a year-over-year basis. As a group, equities research analysts expect that Stem will post -0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Stem

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Stem by 25.4% during the fourth quarter. Victory Capital Management Inc. now owns 19,536 shares of the company’s stock valued at $76,000 after purchasing an additional 3,955 shares during the last quarter. BNP Paribas Asset Management Holding S.A. boosted its holdings in Stem by 4.7% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,637,625 shares of the company’s stock worth $25,754,000 after buying an additional 296,291 shares during the period. Neuberger Berman Group LLC bought a new position in Stem in the 4th quarter worth approximately $41,000. IPG Investment Advisors LLC purchased a new position in Stem in the 4th quarter valued at approximately $582,000. Finally, KBC Group NV bought a new stake in Stem during the 4th quarter valued at $170,000. 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.