Roth Mkm Boosts Stem (NYSE:STEM) Price Target to $0.40

Stem (NYSE:STEM - Free Report) had its price objective lifted by Roth Mkm from $0.35 to $0.40 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

STEM has been the subject of a number of other research reports. UBS Group dropped their price objective on Stem from $1.00 to $0.60 and set a "buy" rating for the company in a research note on Friday, November 8th. BMO Capital Markets dropped their price objective on Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a research note on Wednesday. Finally, Piper Sandler dropped their price objective on Stem from $1.50 to $0.30 and set a "neutral" rating for the company in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1.11.

Stem Stock Up 0.7 %

STEM traded up $0.00 during midday trading on Wednesday, reaching $0.44. The company had a trading volume of 3,664,340 shares, compared to its average volume of 13,179,270. The business has a 50-day moving average of $0.65 and a two-hundred day moving average of $0.51. The company has a market cap of $72.10 million, a P/E ratio of -0.09 and a beta of 1.49. Stem has a 1 year low of $0.30 and a 1 year high of $2.28.

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Stem (NYSE:STEM - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.04. The firm had revenue of $55.83 million during the quarter, compared to analyst estimates of $47.89 million. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. During the same quarter in the prior year, the company posted ($0.21) earnings per share. On average, equities research analysts predict that Stem will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Stem

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in shares of Stem by 102.9% in the fourth quarter. Deutsche Bank AG now owns 622,731 shares of the company's stock worth $374,000 after buying an additional 315,823 shares during the period. Collar Capital Management LLC purchased a new stake in shares of Stem in the fourth quarter worth approximately $223,000. Balyasny Asset Management L.P. raised its holdings in shares of Stem by 569.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock worth $73,000 after buying an additional 103,254 shares during the period. Bank of America Corp DE raised its holdings in shares of Stem by 25.3% in the fourth quarter. Bank of America Corp DE now owns 183,840 shares of the company's stock worth $111,000 after buying an additional 37,115 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Stem in the fourth quarter worth approximately $480,000. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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.