Stem, Inc. (NYSE:STEM) Receives Average Recommendation of “Buy” from Analysts

Stem, Inc. (NYSE:STEMGet Rating) has been given an average rating of “Buy” by the seven research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $26.57.

Several analysts have issued reports on the stock. Susquehanna cut their target price on shares of Stem from $25.00 to $20.00 in a research note on Friday, May 6th. Guggenheim assumed coverage on shares of Stem in a research note on Tuesday, March 22nd. They set a “buy” rating and a $16.00 target price on the stock. Morgan Stanley assumed coverage on shares of Stem in a research note on Wednesday, March 23rd. They set an “equal weight” rating and a $13.00 target price on the stock. Finally, Susquehanna Bancshares cut their target price on shares of Stem from $25.00 to $20.00 in a research note on Friday, May 6th.

Shares of NYSE:STEM opened at $6.94 on Wednesday. Stem has a one year low of $6.59 and a one year high of $37.79. The stock has a fifty day moving average of $9.34 and a 200-day moving average of $14.50. The company has a market capitalization of $1.06 billion, a PE ratio of -4.54 and a beta of 2.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 11.38 and a current ratio of 11.64.

Stem (NYSE:STEMGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported ($0.23) EPS for the quarter. Stem had a negative net margin of 26.88% and a positive return on equity of 6.20%. The company had revenue of $52.78 million for the quarter. As a group, research analysts forecast that Stem will post -0.73 EPS for the current fiscal year.

In other news, Director David S. Buzby sold 86,121 shares of the company’s stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $9.01, for a total value of $775,950.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anil Tammineedi sold 150,000 shares of the company’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $8.30, for a total transaction of $1,245,000.00. The disclosure for this sale can be found here. Insiders sold 336,121 shares of company stock worth $2,843,950 over the last ninety days.

A number of large investors have recently modified their holdings of the stock. AGF Investments Inc. bought a new stake in Stem in the first quarter worth $821,000. Avidian Wealth Solutions LLC boosted its holdings in Stem by 11.5% in the first quarter. Avidian Wealth Solutions LLC now owns 141,301 shares of the company’s stock worth $1,556,000 after purchasing an additional 14,602 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in Stem in the first quarter worth $352,000. SCP Investment LP bought a new stake in Stem in the first quarter worth $207,000. Finally, Ulland Investment Advisors LLC boosted its holdings in Stem by 32.6% in the first quarter. Ulland Investment Advisors LLC now owns 89,585 shares of the company’s stock worth $986,000 after purchasing an additional 22,040 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Stem Company Profile (Get Rating)

Stem, Inc operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems.

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Analyst Recommendations for Stem (NYSE:STEM)

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