Stem’s (STEM) “Neutral” Rating Reiterated at UBS Group

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

A number of other research analysts also recently issued reports on the stock. Roth Mkm lifted their price target on shares of Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. BMO Capital Markets decreased their price target on Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1.11.

Stem Stock Down 5.2 %

Shares of STEM stock opened at $0.34 on Monday. Stem has a 52 week low of $0.30 and a 52 week high of $1.97. The firm has a 50 day moving average of $0.44 and a two-hundred day moving average of $0.49. The stock has a market capitalization of $55.40 million, a PE ratio of -0.06 and a beta of 1.52.

Stem (NYSE:STEM) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.04. The company had revenue of $55.83 million for the quarter, compared to the consensus estimate 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 business earned ($0.21) EPS. Analysts expect that Stem will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Stem by 4.8% in the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after acquiring an additional 166,002 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 worth $837,000 after purchasing an additional 1,047,825 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Stem by 6.3% in the fourth quarter. Northern Trust Corp now owns 1,295,149 shares of the company’s stock valued at $781,000 after buying an additional 76,320 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Stem during the fourth quarter worth about $480,000. Finally, Wells Fargo & Company MN increased its position in Stem by 8.7% in the 4th quarter. Wells Fargo & Company MN now owns 678,685 shares of the company’s stock valued at $409,000 after acquiring an additional 54,194 shares during the period. Hedge funds and other institutional investors 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.