Brokerages Set Stem, Inc. (NYSE:STEM) PT at $1.11

Shares of Stem, Inc. (NYSE:STEM) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $1.11.

A number of equities research analysts recently weighed in on STEM shares. UBS Group raised their price objective on Stem from $0.60 to $0.65 and gave the company a “buy” rating in a research report on Friday, March 7th. BMO Capital Markets lowered their price target on shares of Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a report on Wednesday, March 5th. Finally, Roth Mkm lifted their price objective on shares of Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th.

Institutional Trading of Stem

A number of institutional investors have recently bought and sold shares of STEM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Stem by 77.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock valued at $837,000 after purchasing an additional 1,047,825 shares in the last quarter. Barclays PLC grew its holdings in shares of Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after buying an additional 160,165 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Stem by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after acquiring an additional 166,002 shares during the period. Virtu Financial LLC purchased a new position in Stem in the 3rd quarter worth $25,000. Finally, Aries Wealth Management raised its stake in Stem by 100.0% in the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after acquiring an additional 25,000 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stem Stock Performance

NYSE:STEM opened at $0.34 on Friday. The firm has a 50-day simple moving average of $0.48 and a 200-day simple moving average of $0.49. Stem has a one year low of $0.30 and a one year high of $2.12. The firm has a market cap of $56.30 million, a P/E ratio of -0.07 and a beta of 1.52.

Stem (NYSE:STEM) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $55.83 million during the quarter, compared to the consensus estimate of $47.89 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 firm posted ($0.21) earnings per share. On average, research analysts predict that Stem will post -0.52 EPS for the current fiscal year.

About Stem

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.