Stem's (STEM) "Neutral" Rating Reaffirmed at UBS Group

UBS Group reiterated their neutral rating on shares of Stem (NYSE:STEM - Free Report) in a research report released on Monday morning, MarketBeat.com reports.

A number of other brokerages have also recently commented on STEM. Roth Mkm lifted their target price on Stem from $0.35 to $0.40 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. BMO Capital Markets lowered their price objective on shares of Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Stem has an average rating of "Hold" and a consensus target price of $1.11.

Stem Trading Up 27.9 %

Shares of Stem stock traded up $0.08 on Monday, reaching $0.38. The stock had a trading volume of 12,556,307 shares, compared to its average volume of 7,374,206. The business's 50 day moving average is $0.43 and its two-hundred day moving average is $0.49. Stem has a 1 year low of $0.29 and a 1 year high of $1.97. The company has a market cap of $61.88 million, a P/E ratio of -0.07 and a beta of 1.52.

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

Institutional Investors Weigh In On Stem

Several institutional investors have recently bought and sold shares of STEM. Virtu Financial LLC bought a new stake in Stem during the third quarter worth approximately $25,000. Aries Wealth Management lifted its holdings in shares of Stem by 100.0% in the fourth 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 in the last quarter. Balyasny Asset Management L.P. boosted its position 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. Barclays PLC grew its holdings in shares of Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company's stock valued at $81,000 after buying an additional 160,165 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Stem by 25.3% in the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company's stock worth $111,000 after acquiring an additional 37,115 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company's stock.

About Stem

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.