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

Stem, Inc. (NYSE:STEM) has been assigned a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.5714.

Several equities analysts have recently issued reports on the company. Roth Capital set a $23.00 price target on Stem and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Stem in a research note on Thursday, November 13th. Barclays restated a “reduce” rating and set a $18.00 target price (up from $13.00) on shares of Stem in a research report on Friday, October 31st. Susquehanna boosted their price target on Stem from $12.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Finally, UBS Group increased their price objective on shares of Stem from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st.

Stem Trading Up 4.4%

Shares of NYSE:STEM opened at $16.25 on Wednesday. The company has a 50-day moving average price of $19.98 and a 200-day moving average price of $14.51. The company has a market cap of $136.34 million, a price-to-earnings ratio of -1.19 and a beta of 1.35. Stem has a 12 month low of $5.81 and a 12 month high of $33.60.

Stem (NYSE:STEM) last posted its earnings results on Thursday, October 30th. The company reported ($2.84) EPS for the quarter, missing the consensus estimate of ($1.85) by ($0.99). The firm had revenue of $38.24 million for the quarter, compared to analysts’ expectations of $39.07 million. As a group, research analysts forecast that Stem will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Stem

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC bought a new stake in Stem during the 1st quarter valued at $29,000. CWM LLC lifted its position in Stem by 317.7% during the first quarter. CWM LLC now owns 89,913 shares of the company’s stock valued at $31,000 after acquiring an additional 68,386 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 in the last quarter. Hsbc Holdings PLC boosted its holdings in Stem by 5.6% in the first quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock worth $307,000 after acquiring an additional 46,573 shares in the last quarter. Finally, Nomura Holdings Inc. grew its position in Stem by 24.1% during the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock worth $80,000 after purchasing an additional 44,433 shares during the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

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.