Stem, Inc. (NYSE:STEM) Receives Average Rating of “Hold” from Brokerages

Shares of Stem, Inc. (NYSE:STEM) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $1.90.

A number of analysts have commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research note on Friday. UBS Group reduced their price objective on shares of Stem from $2.50 to $1.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI reduced 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. Barclays reduced their price objective on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research note on Friday, October 18th. Finally, Susquehanna upped their price objective 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.

Stem Stock Performance

Shares of STEM opened at $0.42 on Tuesday. The firm has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.94. The firm has a market capitalization of $68.30 million, a PE ratio of -0.08 and a beta of 1.64. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. Stem has a 52-week low of $0.30 and a 52-week high of $4.30.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.01. Stem had a negative net margin of 328.11% and a negative return on equity of 87.61%. The company had revenue of $34.00 million during the quarter, compared to analyst estimates of $64.06 million. During the same quarter last year, the firm posted ($0.56) EPS. The business’s revenue for the quarter was down 63.4% on a year-over-year basis. On average, sell-side analysts anticipate that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Stem

A number of hedge funds have recently made changes to their positions in STEM. Vanguard Personalized Indexing Management LLC bought a new position in Stem during the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its position 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 acquiring an additional 27,374 shares in the last quarter. SG Americas Securities LLC raised its position in Stem by 73.9% during the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after acquiring an additional 14,307 shares in the last quarter. Creative Planning raised its position in Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after acquiring an additional 78,940 shares in the last quarter. Finally, Cetera Advisors LLC bought a new position in Stem during the first quarter valued at approximately $179,000. 61.63% of the stock is owned by hedge funds and other 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.