Brokerages Set Stem, Inc. (NYSE:STEM) Price Target at $1.11

Shares of Stem, Inc. (NYSE:STEM) have received an average 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 issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $1.11.

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

Stem Stock Down 3.1%

Shares of Stem stock opened at $0.42 on Wednesday. The stock’s fifty day moving average is $0.48 and its 200-day moving average is $0.50. The firm has a market capitalization of $70.20 million, a PE ratio of -0.09 and a beta of 1.36. Stem has a 12-month low of $0.29 and a 12-month high of $1.68.

Shares of Stem are set to reverse split on Monday, June 23rd. The 1-20 reverse split was announced on Wednesday, June 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 20th.

Stem (NYSE:STEM) last announced its earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. The company had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative return on equity of 275.79% and a negative net margin of 532.03%. Analysts expect that Stem will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of STEM. AQR Capital Management LLC grew its stake in Stem by 505.8% in the first quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock valued at $519,000 after purchasing an additional 1,238,012 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Stem in the fourth quarter valued at about $480,000. Collar Capital Management LLC purchased a new position in Stem in the fourth quarter valued at about $223,000. Canada Pension Plan Investment Board bought a new stake in shares of Stem during the 4th quarter worth about $203,000. Finally, Deutsche Bank AG boosted its stake in shares of Stem by 102.9% during the 4th quarter. Deutsche Bank AG now owns 622,731 shares of the company’s stock worth $374,000 after acquiring an additional 315,823 shares in the last quarter. Hedge funds and other institutional investors 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.