Susquehanna Boosts Stem (NYSE:STEM) Price Target to $0.60

Stem (NYSE:STEM - Get Free Report) had its price objective raised by Susquehanna from $0.50 to $0.60 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Susquehanna's price target suggests a potential downside of 1.27% from the stock's current price.

A number of other equities analysts have also commented on STEM. UBS Group cut their price objective 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 dropped their price objective on Stem from $9.00 to $5.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. TD Cowen downgraded shares of Stem from a "buy" rating to a "hold" rating and decreased their price target for the stock from $4.00 to $1.00 in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Stem from $1.40 to $0.75 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $2.72.

Stem Trading Up 2.4 %

Shares of STEM traded up $0.01 during mid-day trading on Wednesday, hitting $0.61. The company had a trading volume of 6,058,656 shares, compared to its average volume of 5,490,614. Stem has a 1-year low of $0.30 and a 1-year high of $4.30. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. The business's 50-day simple moving average is $0.49 and its 200-day simple moving average is $1.07. The stock has a market cap of $98.24 million, a PE ratio of -0.42 and a beta of 1.68.

Stem (NYSE:STEM - Get Free Report) last released 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 return on equity of 63.98% and a negative net margin of 213.33%. The business had revenue of $34.00 million for 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 was down 63.4% compared to the same quarter last year. Sell-side analysts forecast that Stem will post -0.66 earnings per share for the current year.

Institutional Investors Weigh In On Stem

Large investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in Stem in the second quarter worth about $30,000. Nisa Investment Advisors LLC lifted its stake in shares of Stem by 2,416.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company's stock worth $32,000 after acquiring an additional 27,374 shares during the period. SG Americas Securities LLC lifted its stake in shares of Stem by 73.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,666 shares of the company's stock worth $37,000 after acquiring an additional 14,307 shares during the period. Creative Planning boosted its holdings in shares of Stem by 177.1% in 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 acquired a new position in shares of Stem during the first quarter valued at approximately $179,000. Institutional investors and hedge funds 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.