Stem (NYSE:STEM) Stock Price Down 4.5% – Time to Sell?

Shares of Stem, Inc. (NYSE:STEM) traded down 4.5% on Tuesday . The company traded as low as $23.15 and last traded at $23.49. 274,439 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 480,963 shares. The stock had previously closed at $24.59.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Susquehanna lifted their price target on Stem from $12.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Barclays set a $13.00 price target on Stem and gave the stock an “equal weight” rating in a report on Monday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stem in a report on Wednesday, October 8th. Finally, UBS Group lifted their price target on Stem from $8.60 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $12.14.

Stem Stock Performance

The stock has a market capitalization of $197.11 million, a price-to-earnings ratio of -0.81 and a beta of 1.34. The business has a 50-day moving average of $18.37 and a 200-day moving average of $12.84.

Stem (NYSE:STEM) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) 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 analyst estimates of $32.18 million. Stem has set its FY 2025 guidance at EPS. Equities analysts predict that Stem, Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stem

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in Stem by 505.8% during the first quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock worth $519,000 after purchasing an additional 1,238,012 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Stem by 5.6% in the first quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock valued at $307,000 after buying an additional 46,573 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Stem by 22.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company’s stock valued at $156,000 after buying an additional 80,000 shares during the last quarter. Nomura Holdings Inc. lifted its stake in Stem by 24.1% in the first quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock valued at $80,000 after buying an additional 44,433 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its stake in Stem by 24.7% in the first quarter. Electron Capital Partners LLC now owns 163,390 shares of the company’s stock valued at $57,000 after buying an additional 32,313 shares during 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.