Stem (STEM) Scheduled to Post Quarterly Earnings on Thursday

Stem (NYSE:STEM) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Stem (NYSE:STEM) last announced 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 business had revenue of $167.42 million during the quarter, compared to analysts’ expectations of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. On average, analysts expect Stem to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Stem Price Performance

Shares of STEM opened at $1.73 on Thursday. The stock has a market cap of $272.15 million, a PE ratio of -1.35 and a beta of 1.88. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.88. Stem has a fifty-two week low of $1.46 and a fifty-two week high of $7.79. The firm’s 50-day simple moving average is $2.15 and its two-hundred day simple moving average is $2.93.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STEM. Susquehanna cut their price objective on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. TD Cowen dropped their target price on shares of Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. BMO Capital Markets dropped their target price on shares of Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.50 target price (down previously from $5.50) on shares of Stem in a research note on Friday, March 22nd. Finally, Piper Sandler dropped their target price on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.96.

Insider Buying and Selling

In other Stem news, Director David S. Buzby acquired 33,800 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $1.81 per share, for a total transaction of $61,178.00. Following the purchase, the director now owns 768,448 shares in the company, valued at approximately $1,390,890.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Saul R. Laureles sold 9,893 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $3.23, for a total value of $31,954.39. Following the completion of the sale, the insider now owns 56,226 shares of the company’s stock, valued at $181,609.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David S. Buzby bought 33,800 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $1.81 per share, for a total transaction of $61,178.00. Following the transaction, the director now directly owns 768,448 shares of the company’s stock, valued at $1,390,890.88. The disclosure for this purchase can be found here. In the last three months, insiders purchased 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 company insiders.

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.