Stem, Inc. (NYSE:STEM) Given Average Rating of “Hold” by Brokerages

Stem, Inc. (NYSE:STEM) has been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $2.71.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Schroder Investment Management Group lifted its position in shares of Stem by 3.3% during the fourth quarter. Schroder Investment Management Group now owns 11,431,320 shares of the company’s stock worth $44,354,000 after purchasing an additional 360,232 shares in the last quarter. BNP Paribas Asset Management Holding S.A. lifted its holdings in Stem by 4.7% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,637,625 shares of the company’s stock worth $25,754,000 after buying an additional 296,291 shares in the last quarter. Rock Point Advisors LLC boosted its position in Stem by 7.3% in the 2nd quarter. Rock Point Advisors LLC now owns 1,618,589 shares of the company’s stock valued at $1,797,000 after buying an additional 109,810 shares during the last quarter. SIR Capital Management L.P. increased its stake in shares of Stem by 327.0% in the 2nd quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock valued at $1,752,000 after buying an additional 1,208,875 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Stem by 7.4% during the second quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock worth $1,133,000 after acquiring an additional 71,956 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stem Stock Up 4.4 %

STEM stock opened at $0.44 on Monday. The firm’s 50 day moving average price is $0.85 and its 200-day moving average price is $1.33. Stem has a one year low of $0.37 and a one year high of $5.15. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.51 and a current ratio of 1.66. The firm has a market cap of $71.69 million, a PE ratio of -0.31 and a beta of 1.70.

Stem (NYSE:STEM) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. Stem had a negative return on equity of 63.98% and a negative net margin of 213.33%. The business had revenue of $34.00 million during the quarter, compared to the consensus estimate of $64.06 million. During the same period in the previous year, the company posted ($0.56) earnings per share. The business’s revenue for the quarter was down 63.4% on a year-over-year basis. On average, equities research analysts anticipate that Stem will post -0.66 EPS for the current year.

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.