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

Shares of Stem, Inc. (NYSE:STEM) have earned an average rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1.90.

A number of research analysts have weighed in on the stock. Susquehanna lifted their price objective on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a report on Wednesday, October 16th. UBS Group decreased their price objective on shares of Stem from $2.50 to $1.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen downgraded shares of Stem from a “buy” rating to a “hold” rating and cut their target price for the stock from $4.00 to $1.00 in a research note on Wednesday, August 7th. Evercore ISI dropped their price objective on shares of Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group dropped their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research report on Friday.

Stem Stock Performance

Shares of STEM stock opened at $0.42 on Tuesday. The firm has a market cap of $68.30 million, a price-to-earnings ratio of -0.08 and a beta of 1.64. The company’s 50 day moving average is $0.47 and its 200 day moving average is $0.94. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. Stem has a 52-week low of $0.30 and a 52-week high of $4.30.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate 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 328.11% and a negative return on equity of 87.61%. The business’s revenue for the quarter was down 63.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.56) earnings per share. On average, sell-side analysts anticipate that Stem will post -0.52 EPS for the current fiscal year.

Institutional Trading of Stem

A number of institutional investors have recently added to or reduced their stakes in the stock. Rock Point Advisors LLC boosted its holdings in Stem by 7.3% during the second quarter. Rock Point Advisors LLC now owns 1,618,589 shares of the company’s stock worth $1,797,000 after buying an additional 109,810 shares in the last quarter. SIR Capital Management L.P. grew its holdings in Stem by 327.0% in the second quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock valued at $1,752,000 after purchasing an additional 1,208,875 shares during the period. Hsbc Holdings PLC grew its holdings in Stem by 7.4% in the second quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock valued at $1,133,000 after purchasing an additional 71,956 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Stem by 181.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock worth $950,000 after buying an additional 551,492 shares during the period. Finally, AQR Capital Management LLC grew its stake in Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after buying an additional 764,401 shares during the period. Hedge funds and other 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.