Stem, Inc. (NYSE:STEM) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Stem, Inc. (NYSE:STEM) have been assigned an average recommendation of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.1429.

STEM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stem in a research report on Friday. Susquehanna raised their target price on Stem from $12.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Barclays set a $13.00 target price on Stem and gave the company an “equal weight” rating in a research report on Monday, August 11th. Finally, UBS Group raised their price objective on shares of Stem from $8.60 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd.

Institutional Investors Weigh In On Stem

Large investors have recently modified their holdings of the stock. Cerity Partners LLC purchased a new stake in Stem in the first quarter worth $29,000. CWM LLC increased its position 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 during the last quarter. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 80,000 shares during the last quarter. Hsbc Holdings PLC increased 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 acquiring an additional 46,573 shares during the last quarter. Finally, Nomura Holdings Inc. increased its holdings in Stem by 24.1% in the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock worth $80,000 after acquiring an additional 44,433 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Trading Up 14.2%

NYSE STEM opened at $23.64 on Friday. The business has a fifty day simple moving average of $18.78 and a 200 day simple moving average of $13.10. The firm has a market capitalization of $198.36 million, a P/E ratio of -0.82 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 earnings results on Thursday, August 7th. The company reported ($3.73) EPS for the quarter, missing the consensus estimate of ($3.00) by ($0.73). The firm 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 predict that Stem will post -0.52 EPS for the current fiscal year.

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.