Susquehanna Issues Positive Forecast for Stem (NYSE:STEM) Stock Price

Stem (NYSE:STEM) had its target price hoisted by Susquehanna from $12.00 to $21.00 in a research note published on Monday morning, MarketBeat.com reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stem in a report on Wednesday, October 8th. UBS Group increased their target price on Stem from $8.60 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Finally, Barclays set a $13.00 target price on Stem and gave the company an “equal weight” rating in a report on Monday, August 11th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Stem presently has a consensus rating of “Reduce” and a consensus price target of $12.14.

Stem Trading Up 13.6%

STEM opened at $23.66 on Monday. The stock has a 50-day moving average price of $16.81 and a 200-day moving average price of $12.09. Stem has a 12-month low of $5.81 and a 12-month high of $33.60. The stock has a market capitalization of $198.47 million, a P/E ratio of -0.82 and a beta of 1.34.

Stem (NYSE:STEM) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.00) by ($0.73). The firm had revenue of $38.40 million during the quarter, compared to analysts’ expectations of $32.18 million. Stem has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Stem will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Stem by 505.8% in the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock worth $519,000 after buying an additional 1,238,012 shares during the last quarter. Cerity Partners LLC bought a new position in Stem in the 1st quarter worth $29,000. Charles Schwab Investment Management Inc. raised its holdings in Stem by 22.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company’s stock worth $156,000 after purchasing an additional 80,000 shares during the period. CWM LLC raised its holdings in Stem by 317.7% in the 1st quarter. CWM LLC now owns 89,913 shares of the company’s stock worth $31,000 after purchasing an additional 68,386 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Stem by 5.6% in the 1st quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock worth $307,000 after purchasing an additional 46,573 shares during the period. 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.