Stem (NYSE:STEM) Given New $0.60 Price Target at UBS Group

Stem (NYSE:STEM) had its target price cut by investment analysts at UBS Group from $1.00 to $0.60 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 71.38% from the stock’s current price.

A number of other brokerages have also recently commented on STEM. The Goldman Sachs Group reduced their price objective on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Susquehanna boosted their price target on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. TD Cowen downgraded shares of Stem from a “buy” rating to a “hold” rating and lowered their price objective for the company from $4.00 to $1.00 in a research report on Wednesday, August 7th. 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, August 7th. Finally, Barclays dropped their price target on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1.86.

Stem Trading Up 0.0 %

STEM traded up $0.00 on Friday, reaching $0.35. 2,088,392 shares of the company’s stock were exchanged, compared to its average volume of 5,493,486. The company has a market cap of $56.98 million, a price-to-earnings ratio of -0.07 and a beta of 1.65. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.51 and a current ratio of 1.10. Stem has a twelve month low of $0.30 and a twelve month high of $4.30. The company’s 50 day moving average is $0.45 and its 200-day moving average is $0.92.

Stem (NYSE:STEM) last issued its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The business had revenue of $34.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Equities analysts predict that Stem will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On Stem

Several hedge funds and other institutional investors have recently modified their holdings of STEM. Vanguard Personalized Indexing Management LLC bought a new stake in Stem in the second quarter valued at about $30,000. Nisa Investment Advisors LLC raised its position in shares of Stem by 2,416.1% during the 2nd 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 lifted its stake in Stem by 73.9% during the second 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 during the last quarter. Cetera Advisors LLC acquired a new position in Stem in the first quarter worth $179,000. Finally, Tidal Investments LLC increased its stake in Stem by 904.0% during the first quarter. Tidal Investments LLC now owns 121,741 shares of the company’s stock valued at $267,000 after purchasing an additional 109,616 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.