Stem, Inc. (NYSE:STEM) Given Average Rating of “Hold” by Analysts

Shares of Stem, Inc. (NYSE:STEM) have been given an average rating of “Hold” by the thirteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.96.

Several analysts have recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a report on Thursday, February 29th. Susquehanna lowered their price objective on Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. Piper Sandler dropped their target price on Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.50 target price (down previously from $5.50) on shares of Stem in a report on Friday, March 22nd. Finally, TD Cowen reduced their price target on shares of Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th.

Insiders Place Their Bets

In other news, insider Robert Schaefer sold 100,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1.82, for a total value of $182,000.00. Following the transaction, the insider now owns 716,110 shares of the company’s stock, valued at approximately $1,303,320.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Saul R. Laureles sold 9,893 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $3.23, for a total transaction of $31,954.39. Following the transaction, the insider now directly owns 56,226 shares of the company’s stock, valued at approximately $181,609.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schaefer sold 100,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1.82, for a total transaction of $182,000.00. Following the completion of the sale, the insider now directly owns 716,110 shares of the company’s stock, valued at approximately $1,303,320.20. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 130,418 shares of company stock worth $238,045 and sold 515,950 shares worth $1,188,252. 9.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd grew its holdings in Stem by 289.5% during the 3rd quarter. Quadrature Capital Ltd now owns 51,895 shares of the company’s stock valued at $220,000 after purchasing an additional 38,570 shares in the last quarter. Lido Advisors LLC purchased a new position in Stem in the 3rd quarter valued at about $4,561,000. DNB Asset Management AS grew its stake in shares of Stem by 63.7% during the fourth quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock valued at $491,000 after acquiring an additional 49,256 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Stem by 3.8% during the third quarter. Deutsche Bank AG now owns 605,722 shares of the company’s stock valued at $2,568,000 after acquiring an additional 22,222 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Stem during the fourth quarter worth about $209,000. 61.63% of the stock is owned by institutional investors and hedge funds.

Stem Trading Up 0.9 %

Shares of STEM stock opened at $1.60 on Friday. Stem has a twelve month low of $1.53 and a twelve month high of $7.79. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average is $2.28 and its two-hundred day moving average is $3.00. The company has a market capitalization of $251.64 million, a P/E ratio of -1.25 and a beta of 1.88.

Stem (NYSE:STEM) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The firm had revenue of $167.42 million during the quarter, compared to analysts’ expectations of $254.23 million. Stem had a negative net margin of 30.42% and a negative return on equity of 27.71%. Equities analysts forecast that Stem will post -0.51 EPS for the current 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.