The Goldman Sachs Group Trims Stem (NYSE:STEM) Target Price to $17.00

Stem (NYSE:STEMGet Rating) had its price target lowered by equities researchers at The Goldman Sachs Group from $19.00 to $17.00 in a report released on Friday, The Fly reports. The Goldman Sachs Group’s price objective indicates a potential upside of 162.35% from the stock’s previous close.

STEM has been the subject of several other reports. Susquehanna Bancshares decreased their price target on shares of Stem from $25.00 to $20.00 in a report on Friday, May 6th. Susquehanna reduced their target price on Stem from $25.00 to $20.00 in a report on Friday, May 6th. Morgan Stanley began coverage on Stem in a report on Wednesday, March 23rd. They issued an “equal weight” rating and a $13.00 price target for the company. Finally, Guggenheim began coverage on Stem in a report on Tuesday, March 22nd. They set a “buy” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Stem has an average rating of “Buy” and a consensus price target of $24.14.

Shares of STEM stock opened at $6.48 on Friday. Stem has a one year low of $5.72 and a one year high of $37.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.38 and a current ratio of 2.80. The company has a 50 day moving average price of $9.30 and a 200 day moving average price of $14.44. The firm has a market capitalization of $994.29 million, a price-to-earnings ratio of -4.24 and a beta of 2.33.

Stem (NYSE:STEMGet Rating) last announced its earnings results on Thursday, February 24th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $52.78 million during the quarter. Stem had a negative net margin of 26.88% and a positive return on equity of 5.83%. As a group, equities analysts forecast that Stem will post -0.73 EPS for the current fiscal year.

In related news, insider Saul R. Laureles sold 5,745 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $7.32, for a total value of $42,053.40. Following the sale, the insider now directly owns 30,578 shares of the company’s stock, valued at $223,830.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anil Tammineedi sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $8.23, for a total value of $823,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 351,977 shares of company stock worth $2,960,016. 1.30% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of STEM. Itau Unibanco Holding S.A. bought a new position in Stem in the fourth quarter valued at about $49,000. Point72 Hong Kong Ltd bought a new position in Stem in the third quarter valued at about $58,000. Daiwa Securities Group Inc. raised its position in Stem by 45.8% in the first quarter. Daiwa Securities Group Inc. now owns 6,817 shares of the company’s stock valued at $75,000 after purchasing an additional 2,140 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Stem during the third quarter worth about $90,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Stem by 97.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,083 shares of the company’s stock worth $98,000 after acquiring an additional 2,019 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

About Stem (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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