Stem (NYSE:STEM) Receives New Coverage from Analysts at Cowen

Cowen started coverage on shares of Stem (NYSE:STEMGet Rating) in a report published on Thursday morning, The Fly reports. The firm issued an outperform rating on the stock.

STEM has been the subject of a number of other research reports. Morgan Stanley raised their price target on shares of Stem from $13.00 to $20.00 and gave the stock an equal weight rating in a report on Thursday, August 18th. Northland Securities initiated coverage on shares of Stem in a research report on Wednesday, September 7th. They set an outperform rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $21.75.

Stem Stock Down 7.0 %

Shares of NYSE STEM opened at $14.94 on Thursday. The company has a 50 day simple moving average of $13.65 and a 200-day simple moving average of $10.36. The company has a market capitalization of $2.30 billion, a P/E ratio of -20.19 and a beta of 2.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.40 and a quick ratio of 2.12. Stem has a 1 year low of $5.72 and a 1 year high of $27.50.

Stem (NYSE:STEMGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $66.95 million for the quarter, compared to analyst estimates of $59.96 million. Stem had a return on equity of 2.83% and a net margin of 13.48%. On average, equities research analysts predict that Stem will post -0.67 earnings per share for the current year.

Insider Buying and Selling at Stem

In other Stem news, CEO John Eugene Carrington sold 28,570 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $8.92, for a total value of $254,844.40. Following the completion of the transaction, the chief executive officer now owns 354,973 shares of the company’s stock, valued at approximately $3,166,359.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CRO Alan Russo sold 160,210 shares of Stem stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $14.70, for a total transaction of $2,355,087.00. Following the completion of the sale, the executive now directly owns 139,594 shares of the company’s stock, valued at approximately $2,052,031.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Eugene Carrington sold 28,570 shares of Stem stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $8.92, for a total transaction of $254,844.40. Following the sale, the chief executive officer now directly owns 354,973 shares of the company’s stock, valued at $3,166,359.16. The disclosure for this sale can be found here. Insiders sold 815,314 shares of company stock valued at $12,554,750 in the last 90 days. Company insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On Stem

Institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Stem during the 4th quarter worth $49,000. Rockefeller Capital Management L.P. lifted its position in shares of Stem by 2,688.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,186 shares of the company’s stock worth $98,000 after purchasing an additional 5,000 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Stem by 232.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,283 shares of the company’s stock worth $38,000 after purchasing an additional 3,693 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Stem during the 1st quarter worth $67,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Stem by 45.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 6,817 shares of the company’s stock worth $75,000 after purchasing an additional 2,140 shares during the last quarter. 52.42% of the stock is owned by hedge funds and other institutional investors.

About Stem

(Get Rating)

Stem, Inc operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems.

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Analyst Recommendations for Stem (NYSE:STEM)

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