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

Stem, Inc. (NYSE:STEM) has received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.17.

Several analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Stem from $2.50 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Piper Sandler decreased their price target on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. UBS Group decreased their target price on shares of Stem from $5.00 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. BMO Capital Markets decreased their target price on shares of Stem from $2.50 to $1.85 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Finally, Evercore ISI decreased their target price on shares of Stem from $13.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd.

Stem Stock Performance

NYSE STEM opened at $1.12 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.71 and a quick ratio of 1.61. The firm has a market capitalization of $180.24 million, a price-to-earnings ratio of -0.77 and a beta of 1.76. The company’s fifty day moving average is $1.32 and its two-hundred day moving average is $2.24. Stem has a 52-week low of $0.99 and a 52-week high of $7.79.

Stem (NYSE:STEM) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The company had revenue of $25.50 million during the quarter, compared to analyst estimates of $66.67 million. Stem had a negative return on equity of 36.20% and a negative net margin of 40.03%. The business’s revenue for the quarter was down 61.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.29) earnings per share. Equities research analysts forecast that Stem will post -0.84 EPS for the current year.

Insider Activity at Stem

In related news, CFO William John Bush sold 24,035 shares of Stem stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total transaction of $44,945.45. Following the completion of the transaction, the chief financial officer now directly owns 390,217 shares of the company’s stock, valued at approximately $729,705.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Stem news, CRO Alan Russo sold 24,142 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total value of $45,145.54. Following the completion of the transaction, the executive now directly owns 212,910 shares of the company’s stock, valued at $398,141.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William John Bush sold 24,035 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total transaction of $44,945.45. Following the completion of the transaction, the chief financial officer now directly owns 390,217 shares of the company’s stock, valued at $729,705.79. The disclosure for this sale can be found here. Insiders sold 267,599 shares of company stock valued at $495,763 in the last ninety days. Insiders own 10.17% of the company’s stock.

Institutional Investors Weigh In On Stem

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd grew its holdings in Stem by 289.5% during the third quarter. Quadrature Capital Ltd now owns 51,895 shares of the company’s stock valued at $220,000 after purchasing an additional 38,570 shares during the period. Lido Advisors LLC acquired a new position in Stem during the third quarter valued at approximately $4,561,000. DNB Asset Management AS grew its holdings in Stem by 63.7% during the fourth quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock valued at $491,000 after purchasing an additional 49,256 shares during the period. Virtu Financial LLC acquired a new position in Stem during the fourth quarter valued at approximately $228,000. Finally, SG Americas Securities LLC acquired a new position in Stem during the fourth quarter valued at approximately $209,000. 61.63% of the stock is owned by 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.