Brokerages Set Stem, Inc. (NYSE:STEM) Target Price at $2.71

Shares of Stem, Inc. (NYSE:STEM) have earned a consensus rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $2.71.

STEM has been the subject of a number of analyst reports. Susquehanna downgraded shares of Stem from a “positive” rating to a “neutral” rating and lowered their price target for the company from $2.00 to $0.50 in a report on Friday, August 9th. 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. TD Cowen downgraded shares of Stem from a “buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $1.00 in a report on Wednesday, August 7th. Evercore ISI decreased their price objective on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group dropped their target price 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.

Hedge Funds Weigh In On Stem

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

Stem Price Performance

NYSE STEM opened at $0.54 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $88.18 million, a P/E ratio of -0.11 and a beta of 1.68. The company has a 50-day moving average price of $0.50 and a 200-day moving average price of $1.09. Stem has a 52 week low of $0.30 and a 52 week high of $4.30.

Stem (NYSE:STEM) last issued its quarterly earnings data 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. Stem had a negative net margin of 213.33% and a negative return on equity of 63.98%. The firm had revenue of $34.00 million during the quarter, compared to the consensus estimate of $64.06 million. During the same quarter in the previous year, the firm posted ($0.56) EPS. The company’s revenue for the quarter was down 63.4% compared to the same quarter last year. Equities research analysts anticipate that Stem will post -0.66 earnings per share 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.