Barclays Lowers Stem (NYSE:STEM) Price Target to $1.00

Stem (NYSE:STEM) had its price objective decreased by Barclays from $4.00 to $1.00 in a research report sent to investors on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms have also recently commented on STEM. UBS Group reduced their target price on shares of Stem from $2.50 to $1.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen lowered shares of Stem from a “buy” rating to a “hold” rating and cut their price objective for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. Susquehanna raised their target price on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Evercore ISI cut their price target on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced their price target on Stem from $1.40 to $0.75 and set a “neutral” rating for the company in a report on Thursday, August 8th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.09.

Stem Stock Down 0.1 %

Shares of NYSE STEM opened at $0.57 on Friday. The stock has a fifty day moving average price of $0.49 and a 200 day moving average price of $1.04. 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 12-month low of $0.30 and a 12-month high of $4.30. The company has a market cap of $92.82 million, a P/E ratio of -0.40 and a beta of 1.68.

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

Institutional Investors Weigh In On Stem

A number of institutional investors have recently made changes to their positions in STEM. Virtu Financial LLC acquired a new position in Stem in the fourth quarter worth $228,000. Tidal Investments LLC boosted its holdings in shares of Stem by 904.0% in the 1st 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. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Stem by 181.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock valued at $950,000 after buying an additional 551,492 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Stem by 45.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 158,102 shares of the company’s stock worth $347,000 after acquiring an additional 49,713 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Stem by 2,416.1% in the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock worth $32,000 after acquiring an additional 27,374 shares during the last quarter. 61.63% of the stock is currently 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.