Stem (NYSE:STEM) Stock Price Expected to Rise, UBS Group Analyst Says

Stem (NYSE:STEM) had its price target boosted by equities researchers at UBS Group from $0.60 to $0.65 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 50.46% from the company’s current price.

Several other analysts have also recently commented on STEM. Roth Mkm raised their price objective on shares of Stem from $0.35 to $0.40 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets dropped their price objective on Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Piper Sandler decreased their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Stem has an average rating of “Hold” and an average price target of $1.11.

Stem Stock Down 1.8 %

Stem stock traded down $0.01 during mid-day trading on Friday, hitting $0.43. The company had a trading volume of 539,076 shares, compared to its average volume of 13,108,667. The stock has a market cap of $70.31 million, a price-to-earnings ratio of -0.08 and a beta of 1.49. Stem has a 1 year low of $0.30 and a 1 year high of $2.28. The business has a fifty day moving average of $0.65 and a 200 day moving average of $0.51.

Stem (NYSE:STEM) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The firm had revenue of $55.83 million during the quarter, compared to analysts’ expectations of $47.89 million. During the same period in the previous year, the company earned ($0.21) earnings per share. Equities analysts anticipate that Stem will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STEM. Barclays PLC raised its stake in Stem by 213.1% during the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after acquiring an additional 160,165 shares in the last quarter. Geode Capital Management LLC boosted its stake in Stem by 4.8% during the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock valued at $1,255,000 after buying an additional 166,002 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Stem by 77.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after acquiring an additional 1,047,825 shares during the period. Creative Planning raised its position in Stem by 177.1% in the third quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after acquiring an additional 78,940 shares in the last quarter. Finally, Aries Wealth Management lifted its holdings in Stem by 100.0% in the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after acquiring an additional 25,000 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.