Analysts Set Stem, Inc. (NYSE:STEM) Price Target at $10.86

Stem, Inc. (NYSE:STEM) has received a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.8571.

STEM has been the topic of several research analyst reports. UBS Group increased their price objective on Stem from $8.60 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Barclays set a $13.00 target price on Stem and gave the stock an “equal weight” rating in a report on Monday, August 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STEM. Cerity Partners LLC purchased a new stake in shares of Stem in the 1st quarter worth approximately $29,000. CWM LLC raised its stake in Stem by 317.7% in the first quarter. CWM LLC now owns 89,913 shares of the company’s stock worth $31,000 after buying an additional 68,386 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in Stem by 24.7% during the first quarter. Electron Capital Partners LLC now owns 163,390 shares of the company’s stock worth $57,000 after buying an additional 32,313 shares during the period. Nomura Holdings Inc. boosted its position in Stem by 24.1% during the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock valued at $80,000 after acquiring an additional 44,433 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in Stem during the 2nd quarter valued at $97,000. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Trading Up 6.7%

NYSE STEM opened at $21.57 on Tuesday. The company’s 50-day moving average price is $15.69 and its 200-day moving average price is $11.34. The stock has a market cap of $180.96 million, a PE ratio of -0.74 and a beta of 1.34. Stem has a 12 month low of $5.81 and a 12 month high of $33.60.

Stem (NYSE:STEM) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.00) by ($0.73). The company had revenue of $38.40 million for the quarter, compared to the consensus estimate of $32.18 million. Stem has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Stem will post -0.52 earnings per share for the current year.

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.