Stem (NYSE:STEM - Get Free Report) had its price objective raised by UBS Group from $0.60 to $0.65 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 46.73% from the stock's current price.
STEM has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a research report on Wednesday. Piper Sandler decreased their target price on Stem from $1.50 to $0.30 and set a "neutral" rating for the company in a research report on Friday, November 22nd. Finally, Roth Mkm raised their target price on Stem from $0.35 to $0.40 and gave the stock a "neutral" rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1.11.
Read Our Latest Research Report on STEM
Stem Stock Up 0.7 %
Stem stock traded up $0.00 during mid-day trading on Friday, reaching $0.44. 3,664,340 shares of the company's stock were exchanged, compared to its average volume of 13,179,270. The business's fifty day simple moving average is $0.65 and its 200 day simple moving average is $0.51. The firm has a market capitalization of $72.10 million, a PE ratio of -0.09 and a beta of 1.49. Stem has a one year low of $0.30 and a one year high of $2.28.
Stem (NYSE:STEM - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.04. The business had revenue of $55.83 million for 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 period last year, the company posted ($0.21) earnings per share. On average, sell-side analysts forecast that Stem will post -0.52 earnings per share for the current year.
Institutional Trading of Stem
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of Stem by 213.1% during the 3rd quarter. Barclays PLC now owns 235,336 shares of the company's stock valued at $81,000 after purchasing an additional 160,165 shares during the period. Geode Capital Management LLC raised its stake in shares of Stem by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company's stock valued at $1,255,000 after purchasing an additional 166,002 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 valued at $837,000 after purchasing an additional 1,047,825 shares during the period. Creative Planning raised its stake in shares of Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company's stock valued at $43,000 after purchasing an additional 78,940 shares during the period. Finally, Aries Wealth Management raised its stake in shares of Stem by 100.0% during the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company's stock valued at $30,000 after purchasing an additional 25,000 shares during the period. 61.63% of the stock is currently owned by institutional investors.
About Stem
(
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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.
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