Stem, Inc. (NYSE:STEM) Receives Consensus Rating of “Hold” from Analysts

Stem, Inc. (NYSE:STEM) has been given an average rating of “Hold” by the nine brokerages that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $1.86.

STEM has been the subject of several research analyst reports. UBS Group reduced 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. Susquehanna lifted their target price on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Evercore ISI lowered their price target on shares of Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. TD Cowen cut Stem from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group lowered their target price on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research note on Friday, November 1st.

Stem Price Performance

NYSE:STEM opened at $0.41 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.51 and a debt-to-equity ratio of 1.41. The firm has a fifty day simple moving average of $0.45 and a 200 day simple moving average of $0.89. Stem has a 1-year low of $0.30 and a 1-year high of $4.30. The stock has a market capitalization of $67.18 million, a PE ratio of -0.08 and a beta of 1.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC bought a new stake in Stem in the second quarter valued at approximately $30,000. Nisa Investment Advisors LLC boosted its position in Stem by 2,416.1% during the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock valued at $32,000 after acquiring an additional 27,374 shares during the last quarter. SG Americas Securities LLC grew its holdings in Stem by 73.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock worth $37,000 after acquiring an additional 14,307 shares during the period. Cetera Advisors LLC bought a new stake in shares of Stem during the 1st quarter valued at about $179,000. Finally, Tidal Investments LLC lifted its stake in Stem by 904.0% in the first quarter. Tidal Investments LLC now owns 121,741 shares of the company’s stock valued at $267,000 after buying an additional 109,616 shares during the period. 61.63% of the stock is owned by institutional investors and hedge funds.

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.