Brokerages Set Stem, Inc. (NYSE:STEM) PT at $6.39

Stem, Inc. (NYSE:STEM) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.39.

STEM has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price target (down from $5.50) on shares of Stem in a report on Friday, March 22nd. Susquehanna reduced their price objective on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a research note on Thursday, February 29th. Piper Sandler reduced their price objective on shares of Stem from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Morgan Stanley reduced their price objective on shares of Stem from $7.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th. Finally, TD Cowen reduced their price target on shares of Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th.

Stem Price Performance

Stem stock opened at $2.20 on Monday. Stem has a 52-week low of $1.73 and a 52-week high of $7.79. The firm has a fifty day moving average of $2.66 and a 200-day moving average of $3.28. The firm has a market capitalization of $347.09 million, a P/E ratio of -1.72 and a beta of 1.92. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 1.23.

Stem (NYSE:STEM) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The business had revenue of $167.42 million during the quarter, compared to analyst estimates of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. As a group, analysts predict that Stem will post -0.48 EPS for the current year.

Insider Activity

In other news, CFO William John Bush sold 20,367 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $64,563.39. Following the sale, the chief financial officer now owns 276,814 shares in the company, valued at $877,500.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO William John Bush sold 20,367 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $64,563.39. Following the transaction, the chief financial officer now directly owns 276,814 shares of the company’s stock, valued at $877,500.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Saul R. Laureles sold 10,959 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $34,740.03. Following the transaction, the insider now directly owns 80,003 shares in the company, valued at $253,609.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 130,418 shares of company stock worth $238,045 and have sold 524,467 shares worth $1,215,826. 9.12% of the stock is owned by company insiders.

Institutional Trading of Stem

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Stem by 2.6% in the third quarter. Vanguard Group Inc. now owns 13,631,078 shares of the company’s stock worth $181,838,000 after acquiring an additional 350,707 shares in the last quarter. Schroder Investment Management Group grew its position in Stem by 3.3% in the fourth quarter. Schroder Investment Management Group now owns 11,431,320 shares of the company’s stock worth $44,354,000 after acquiring an additional 360,232 shares in the last quarter. BlackRock Inc. grew its position in Stem by 13.6% in the second quarter. BlackRock Inc. now owns 10,569,524 shares of the company’s stock worth $60,458,000 after acquiring an additional 1,263,049 shares in the last quarter. BNP Paribas Asset Management Holding S.A. grew its position in Stem by 4.7% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 6,637,625 shares of the company’s stock worth $25,754,000 after acquiring an additional 296,291 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Stem by 106.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,341,334 shares of the company’s stock worth $26,887,000 after buying an additional 3,271,193 shares during the period. 61.63% of the stock is owned by institutional investors.

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.