Stem (NYSE:STEM – Free Report) 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.
Get Our Latest Stock Analysis on STEM
Stem Stock Down 0.1 %
Stem (NYSE:STEM – Get Free Report) 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.
Further Reading
- Five stocks we like better than Stem
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Is Spotify Stock Poised to Soar? Options Traders Think So
- What Are the FAANG Stocks and Are They Good Investments?
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- 3 Small Caps With Big Return Potential
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Receive News & Ratings for Stem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stem and related companies with MarketBeat.com's FREE daily email newsletter.