Stem, Inc. (NYSE:STEM) Given Average Recommendation of "Hold" by Brokerages

Stem, Inc. (NYSE:STEM - Get Free Report) has earned a consensus recommendation of "Hold" from the eight brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1.38.

A number of equities analysts recently issued reports on the company. UBS Group dropped their price objective on Stem from $1.00 to $0.60 and set a "buy" rating for the company in a report on Friday, November 8th. Piper Sandler lowered their target price on shares of Stem from $1.50 to $0.30 and set a "neutral" rating for the company in a research note on Friday, November 22nd. The Goldman Sachs Group cut their price target on shares of Stem from $0.75 to $0.65 and set a "neutral" rating on the stock in a report on Friday, November 1st. Susquehanna lifted their price objective on shares of Stem from $0.50 to $0.60 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Finally, Barclays dropped their target price 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.

Institutional Investors Weigh In On Stem

Several hedge funds have recently modified their holdings of STEM. Virtu Financial LLC bought a new position in Stem in the third quarter worth approximately $25,000. Barclays PLC raised its position in shares of Stem by 213.1% in the 3rd quarter. Barclays PLC now owns 235,336 shares of the company's stock worth $81,000 after acquiring an additional 160,165 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Stem by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company's stock worth $1,255,000 after acquiring an additional 166,002 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Stem by 77.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company's stock worth $837,000 after purchasing an additional 1,047,825 shares during the last quarter. Finally, SCP Investment LP boosted its position in Stem by 36.9% during the third quarter. SCP Investment LP now owns 370,888 shares of the company's stock valued at $129,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company's stock.

Stem Price Performance

Shares of Stem stock traded down $0.03 during trading on Friday, hitting $0.67. The stock had a trading volume of 12,945,181 shares, compared to its average volume of 27,026,547. Stem has a 12 month low of $0.30 and a 12 month high of $3.58. The firm's fifty day simple moving average is $0.53 and its 200-day simple moving average is $0.62. The stock has a market cap of $108.39 million, a PE ratio of -0.13 and a beta of 1.43.

Stem (NYSE:STEM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. The firm had revenue of $29.29 million during the quarter, compared to the consensus estimate of $39.99 million. During the same period in the previous year, the business earned ($0.17) EPS. Analysts expect that Stem will post -0.52 earnings per share for the current fiscal year.

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.