Stem (NYSE:STEM) Given New $8.00 Price Target at Barclays

Stem (NYSE:STEM) had its price objective lowered by Barclays from $18.00 to $8.00 in a research report report published on Monday, Marketbeat.com reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings cut Stem from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Roth Capital reiterated a “neutral” rating and issued a $11.00 target price on shares of Stem in a report on Thursday, May 7th. Susquehanna reduced their price target on shares of Stem from $10.00 to $7.50 and set a “neutral” rating for the company in a research report on Friday, July 10th. Wall Street Zen downgraded shares of Stem from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $10.50 price objective (down from $12.00) on shares of Stem in a research note on Monday, May 11th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $9.00.

Stem Trading Up 1.6%

STEM opened at $5.58 on Monday. The company has a fifty day moving average price of $7.79 and a two-hundred day moving average price of $10.60. Stem has a 1-year low of $5.45 and a 1-year high of $32.23. The company has a market cap of $49.99 million, a P/E ratio of -0.64 and a beta of 1.45.

Stem (NYSE:STEM) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($2.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.46). The firm had revenue of $29.00 million for the quarter, compared to the consensus estimate of $34.61 million. On average, research analysts forecast that Stem will post -7.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in Stem by 569.1% in the 4th quarter. GSA Capital Partners LLP now owns 79,216 shares of the company’s stock valued at $1,192,000 after buying an additional 67,377 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Stem by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 395,223 shares of the company’s stock worth $6,924,000 after acquiring an additional 8,468 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Stem by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 88,246 shares of the company’s stock worth $1,329,000 after acquiring an additional 1,821 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Stem in the 4th quarter worth $534,000. Finally, AQR Capital Management LLC grew 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 acquiring an additional 1,238,012 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

About Stem

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.