Stem (NYSE:STEM) PT Lowered to $1.00

Stem (NYSE:STEM) had its price objective lowered by equities researchers at Barclays from $4.00 to $1.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 73.91% from the stock’s previous close.

A number of other research analysts have also recently commented on STEM. The Goldman Sachs Group cut their price target on shares of Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Susquehanna raised their target price on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group lowered their price target on Stem from $2.50 to $1.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen downgraded Stem from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. Finally, Evercore ISI lowered their target price on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Stem currently has an average rating of “Hold” and a consensus target price of $2.35.

Stem Trading Up 0.1 %

Stem stock traded up $0.00 during midday trading on Friday, reaching $0.58. The stock had a trading volume of 1,245,139 shares, compared to its average volume of 5,474,671. 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 cap of $93.51 million, a price-to-earnings ratio of -0.12 and a beta of 1.68. Stem has a 52-week low of $0.30 and a 52-week high of $4.30. The company has a fifty day moving average of $0.49 and a 200 day moving average of $1.06.

Stem (NYSE:STEM) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $34.00 million for the quarter, compared to the consensus estimate of $64.06 million. During the same period in the prior year, the business posted ($0.56) earnings per share. The company’s revenue for the quarter was down 63.4% on a year-over-year basis. On average, analysts anticipate that Stem will post -0.66 earnings per share for the current fiscal year.

Institutional Trading of Stem

A number of institutional investors have recently modified their holdings of STEM. Vanguard Personalized Indexing Management LLC bought a new position in shares of Stem during the 2nd quarter worth approximately $30,000. Nisa Investment Advisors LLC increased its position in shares of Stem by 2,416.1% during the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock worth $32,000 after purchasing an additional 27,374 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Stem by 73.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after purchasing an additional 14,307 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Stem in the 4th quarter worth $228,000. Finally, Cetera Advisors LLC purchased a new position in Stem during the 1st quarter worth $179,000. 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.