Stem, Inc. (NYSE:STEM) Receives $1.38 Average PT from Analysts

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have received an average recommendation of "Hold" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $1.38.

STEM has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Stem from $0.75 to $0.65 and set a "neutral" rating for the company in a report on Friday, November 1st. UBS Group lowered their target price on Stem from $1.00 to $0.60 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, Piper Sandler lowered their target price on Stem from $1.50 to $0.30 and set a "neutral" rating for the company in a report on Friday, November 22nd.

Institutional Investors Weigh In On Stem

Hedge funds have recently bought and sold shares of the stock. Aries Wealth Management raised its position in shares of Stem by 100.0% during the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company's stock worth $30,000 after acquiring an additional 25,000 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Stem by 8.7% during the 4th quarter. Wells Fargo & Company MN now owns 678,685 shares of the company's stock worth $409,000 after acquiring an additional 54,194 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Stem during the 3rd quarter worth about $25,000. Northern Trust Corp raised its position in shares of Stem by 6.3% during the 4th quarter. Northern Trust Corp now owns 1,295,149 shares of the company's stock worth $781,000 after acquiring an additional 76,320 shares in the last quarter. Finally, Creative Planning raised its position in shares of Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company's stock worth $43,000 after acquiring an additional 78,940 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

Stem Stock Performance

Shares of NYSE STEM traded down $0.03 during mid-day trading on Thursday, reaching $0.51. 5,730,310 shares of the company's stock were exchanged, compared to its average volume of 12,153,456. Stem has a 52-week low of $0.30 and a 52-week high of $3.46. The company's 50-day moving average is $0.60 and its 200-day moving average is $0.53.

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.