Stem, Inc. (NYSE:STEM) Receives $1.11 Average PT from Brokerages

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

A number of analysts have weighed in on STEM shares. BMO Capital Markets decreased their price objective on Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research report on Wednesday, March 5th. Susquehanna increased their price target on Stem from $0.40 to $0.60 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Roth Mkm lifted their price objective on shares of Stem from $0.35 to $0.40 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Finally, UBS Group restated a “neutral” rating on shares of Stem in a research report on Monday, April 14th.

Stem Price Performance

STEM stock opened at $0.46 on Friday. The company has a market cap of $75.51 million, a price-to-earnings ratio of -0.09 and a beta of 1.42. The company has a fifty day moving average price of $0.43 and a 200 day moving average price of $0.49. Stem has a 12 month low of $0.29 and a 12 month high of $1.68.

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

Institutional Investors Weigh In On Stem

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Electron Capital Partners LLC increased its holdings in shares of Stem by 24.7% in the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company’s stock valued at $57,000 after purchasing an additional 32,313 shares in the last quarter. AQR Capital Management LLC grew its position in Stem by 505.8% during the first quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock worth $519,000 after buying an additional 1,238,012 shares during the period. Nomura Holdings Inc. increased its holdings in Stem by 24.1% in the first quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock valued at $80,000 after buying an additional 44,433 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Stem by 5.6% during the 1st quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock valued at $307,000 after acquiring an additional 46,573 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Stem by 22.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company’s stock valued at $156,000 after acquiring an additional 80,000 shares during the period. 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.