Stem, Inc. (NYSE:STEM) Receives $2.71 Average PT from Analysts

Stem, Inc. (NYSE:STEM) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $2.71.

A number of equities research analysts recently commented on STEM shares. UBS Group lowered their price target on shares of Stem from $2.50 to $1.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen cut Stem from a “buy” rating to a “hold” rating and cut their target price for the stock from $4.00 to $1.00 in a research note on Wednesday, August 7th. Evercore ISI lowered their price target on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group cut their price objective on Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Susquehanna downgraded Stem from a “positive” rating to a “neutral” rating and decreased their target price for the company from $2.00 to $0.50 in a report on Friday, August 9th.

Stem Stock Performance

Shares of NYSE STEM opened at $0.36 on Monday. The stock has a market cap of $57.39 million, a price-to-earnings ratio of -0.24 and a beta of 1.70. The stock’s 50-day moving average is $0.77 and its 200 day moving average is $1.27. The company has a current ratio of 1.66, a quick ratio of 1.51 and a debt-to-equity ratio of 1.41. Stem has a 1-year low of $0.36 and a 1-year high of $4.72.

Stem (NYSE:STEM) last released its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.01. Stem had a negative net margin of 213.33% and a negative return on equity of 63.98%. The company had revenue of $34.00 million for the quarter, compared to analyst estimates of $64.06 million. During the same quarter last year, the firm earned ($0.56) EPS. The firm’s quarterly revenue was down 63.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Stem will post -0.66 EPS for the current fiscal year.

Institutional Trading of Stem

Hedge funds and other institutional investors have recently modified their holdings of the business. SIR Capital Management L.P. lifted its holdings in shares of Stem by 327.0% during the second quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock valued at $1,752,000 after purchasing an additional 1,208,875 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock valued at $863,000 after acquiring an additional 764,401 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Stem by 181.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock valued at $950,000 after acquiring an additional 551,492 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Stem by 4,330.5% in the 2nd quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock worth $545,000 after purchasing an additional 480,163 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Stem during the 2nd quarter valued at about $405,000. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.