Stem, Inc. (NYSE:STEM) Receives Consensus Rating of “Hold” from Analysts

Shares of Stem, Inc. (NYSE:STEM) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $1.11.

A number of equities analysts recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating on shares of Stem in a research report on Monday, April 14th. Roth Mkm raised their price target on Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Susquehanna boosted their price objective on Stem from $0.40 to $0.60 and gave the company a “neutral” rating in a report on Thursday. Finally, BMO Capital Markets lowered their target price on Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a report on Wednesday, March 5th.

Institutional Trading of Stem

Large investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in Stem by 213.1% in the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after acquiring an additional 160,165 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Stem by 4.8% during the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock worth $1,255,000 after purchasing an additional 166,002 shares in the last quarter. Virtu Financial LLC purchased a new position in Stem in the third quarter valued at $25,000. Aries Wealth Management raised its stake in 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 buying an additional 25,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted 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. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Stem Stock Down 4.1 %

NYSE:STEM opened at $0.52 on Tuesday. Stem has a 52 week low of $0.29 and a 52 week high of $1.68. The stock’s fifty day moving average is $0.40 and its two-hundred day moving average is $0.49. The company has a market capitalization of $84.54 million, a P/E ratio of -0.10 and a beta of 1.52.

Stem (NYSE:STEM) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. The firm had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. Sell-side analysts anticipate that Stem will post -0.52 earnings per share for the current fiscal year.

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.