Barclays Trims Stem (NYSE:STEM) Target Price to $1.00

Stem (NYSE:STEM) had its price target decreased by Barclays from $4.00 to $1.00 in a report released on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts have also weighed in on the company. Evercore ISI lowered their target price on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. The Goldman Sachs Group lowered their price objective on shares of Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. TD Cowen cut shares of Stem from a “buy” rating to a “hold” rating and cut their target price for the stock from $4.00 to $1.00 in a research report on Wednesday, August 7th. Susquehanna increased their price target on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, UBS Group dropped their price objective on shares of Stem from $2.50 to $1.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.09.

Stem Stock Down 0.1 %

Stem stock opened at $0.57 on Friday. The stock has a market capitalization of $92.82 million, a price-to-earnings ratio of -0.40 and a beta of 1.68. Stem has a twelve month low of $0.30 and a twelve month high of $4.30. The stock has a 50 day moving average of $0.49 and a two-hundred day moving average of $1.04. The company has a current ratio of 1.66, a quick ratio of 1.51 and a debt-to-equity ratio of 1.41.

Stem (NYSE:STEM) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. The company had revenue of $34.00 million during the quarter, compared to the consensus estimate of $64.06 million. Stem had a negative net margin of 213.33% and a negative return on equity of 63.98%. The company’s revenue for the quarter was down 63.4% on a year-over-year basis. During the same period last year, the firm earned ($0.56) EPS. As a group, research analysts expect that Stem will post -0.66 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Stem in the fourth quarter valued at $228,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Stem by 90.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 222,575 shares of the company’s stock worth $487,000 after acquiring an additional 105,643 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Stem in the first quarter valued at approximately $513,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Stem by 15.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 167,298 shares of the company’s stock worth $366,000 after purchasing an additional 22,703 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Stem by 45.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 158,102 shares of the company’s stock worth $347,000 after purchasing an additional 49,713 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.

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.