Stem, Inc. (NYSE:STEM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stem, Inc. (NYSE:STEM) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $1.38.

STEM has been the subject of several recent analyst reports. Barclays decreased their target price on Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a research note on Friday, October 18th. Susquehanna boosted their target price on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. UBS Group decreased their target price on Stem from $1.00 to $0.60 and set a “buy” rating for the company in a research note on Friday, November 8th. The Goldman Sachs Group decreased their target price on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Piper Sandler decreased their target price on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd.

Stem Stock Performance

Shares of STEM opened at $0.69 on Friday. The stock has a 50-day simple moving average of $0.53 and a 200-day simple moving average of $0.62. The stock has a market capitalization of $112.95 million, a PE ratio of -0.13 and a beta of 1.43. Stem has a 1 year low of $0.30 and a 1 year high of $3.58.

Stem (NYSE:STEM) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The company had revenue of $29.29 million during the quarter, compared to analysts’ expectations of $39.99 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. During the same quarter in the previous year, the business posted ($0.17) EPS. Analysts predict that Stem will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Stem in the second quarter valued at approximately $30,000. Virtu Financial LLC acquired a new position in Stem during the third quarter worth $25,000. Creative Planning grew its holdings in Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after acquiring an additional 78,940 shares during the period. Barclays PLC grew its holdings in Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after acquiring an additional 160,165 shares during the period. Finally, Rhumbline Advisers boosted its position in Stem by 8.8% during the second quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock worth $291,000 after purchasing an additional 21,249 shares in the last quarter. Institutional investors and hedge funds 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.