Analysts Set Stem, Inc. (NYSE:STEM) PT at $1.11

Stem, Inc. (NYSE:STEM) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $1.11.

Several analysts have issued reports on the stock. UBS Group reaffirmed a “neutral” rating on shares of Stem in a research report on Monday, April 14th. Susquehanna upped their price objective on shares of Stem from $0.40 to $0.60 and gave the stock a “neutral” rating in a research report on Thursday. Roth Mkm boosted their price target on Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets cut their target price on shares of Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a research report on Wednesday, March 5th.

Stem Stock Down 1.6 %

STEM opened at $0.53 on Tuesday. Stem has a 12 month low of $0.29 and a 12 month high of $1.92. The stock has a market cap of $87.33 million, a P/E ratio of -0.10 and a beta of 1.52. The company has a fifty day simple moving average of $0.40 and a 200 day simple moving average of $0.49.

Stem (NYSE:STEM) last issued its quarterly earnings results 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 return on equity of 275.79% and a negative net margin of 328.11%. The company had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. On average, equities research analysts expect that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Stem

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Stem by 213.1% during the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after purchasing an additional 160,165 shares in the last quarter. Geode Capital Management LLC lifted its stake in Stem by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after acquiring an additional 166,002 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Stem in the 3rd quarter worth $25,000. Aries Wealth Management lifted its position in shares of Stem by 100.0% during the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Stem by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 678,685 shares of the company’s stock worth $409,000 after purchasing an additional 54,194 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

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.