Susquehanna Boosts Stem (NYSE:STEM) Price Target to $0.60

Stem (NYSE:STEM) had its price objective lifted by Susquehanna from $0.50 to $0.60 in a research note published on Wednesday morning, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

STEM has been the subject of several other reports. Evercore ISI reduced their price target on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. UBS Group decreased 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. TD Cowen cut shares of Stem from a “buy” rating to a “hold” rating and cut their price target for the company from $4.00 to $1.00 in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Stem from $1.40 to $0.75 and set a “neutral” rating for the company in a report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.35.

Stem Price Performance

Shares of Stem stock opened at $0.57 on Wednesday. Stem has a 1 year low of $0.30 and a 1 year high of $4.30. The firm has a market cap of $92.79 million, a price-to-earnings ratio of -0.40 and a beta of 1.68. The company has a 50-day moving average of $0.49 and a 200 day moving average of $1.05. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.66 and a quick ratio of 1.51.

Stem (NYSE:STEM) last announced its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share 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 the consensus estimate of $64.06 million. Stem had a negative net margin of 213.33% and a negative return on equity of 63.98%. The business’s revenue for the quarter was down 63.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.56) earnings per share. As a group, sell-side analysts anticipate that Stem will post -0.66 earnings per share for the current fiscal year.

Institutional Trading of Stem

Several large investors have recently modified their holdings of STEM. Vanguard Personalized Indexing Management LLC bought a new position in Stem in the second quarter valued at about $30,000. Nisa Investment Advisors LLC boosted its holdings in shares of 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 buying an additional 27,374 shares during the last quarter. SG Americas Securities LLC grew its position in Stem by 73.9% during the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after buying an additional 14,307 shares during the period. Virtu Financial LLC purchased a new stake in Stem during the fourth quarter valued at approximately $228,000. Finally, Cetera Advisors LLC purchased a new stake in Stem during the first quarter valued at approximately $179,000. Institutional investors own 61.63% of the company’s stock.

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.