Stem, Inc. (NYSE:STEM) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Stem, Inc. (NYSE:STEM) have been given a consensus rating of “Reduce” by the five analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.3750.

A number of research analysts recently commented on the company. Weiss Ratings lowered Stem from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Roth Mkm reiterated a “neutral” rating and set a $11.00 price target on shares of Stem in a research note on Thursday, May 7th. UBS Group reissued a “neutral” rating and issued a $10.50 price target (down from $12.00) on shares of Stem in a report on Monday, May 11th. Wall Street Zen cut shares of Stem from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Finally, Susquehanna dropped their price objective on shares of Stem from $21.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th.

Stem Stock Up 1.3%

STEM stock opened at $7.91 on Thursday. Stem has a twelve month low of $6.47 and a twelve month high of $32.23. The company has a market cap of $70.86 million, a PE ratio of -0.91 and a beta of 1.45. The business’s 50-day simple moving average is $9.03 and its 200 day simple moving average is $11.87.

Stem (NYSE:STEM) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($2.22) EPS for the quarter, missing the consensus estimate of ($1.76) by ($0.46). The business had revenue of $29.00 million during the quarter, compared to analysts’ expectations of $34.61 million. On average, equities research analysts anticipate that Stem will post -7.76 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in Stem by 258.1% during the third quarter. IFP Advisors Inc now owns 1,479 shares of the company’s stock worth $26,000 after purchasing an additional 1,066 shares during the period. Virtu Financial LLC grew its stake in shares of Stem by 11.0% in the 3rd quarter. Virtu Financial LLC now owns 12,856 shares of the company’s stock valued at $225,000 after purchasing an additional 1,279 shares during the period. Geode Capital Management LLC raised its holdings in shares of Stem by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 88,246 shares of the company’s stock worth $1,329,000 after buying an additional 1,821 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Stem in the 4th quarter worth approximately $29,000. Finally, Royal Bank of Canada lifted its position in shares of Stem by 8.8% during the 1st quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock worth $249,000 after buying an additional 2,275 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Company Profile

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.