Shares of Stem, Inc. (NYSE:STEM – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.36.
STEM has been the subject of a number of research reports. Cowen cut their price objective on shares of Stem from $16.00 to $15.00 in a research note on Friday, February 17th. Morgan Stanley raised shares of Stem from an “equal weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a research note on Tuesday, January 10th. Susquehanna cut their price objective on shares of Stem from $20.00 to $17.00 and set a “positive” rating for the company in a research note on Friday, February 17th. The Goldman Sachs Group cut their price objective on shares of Stem from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 21st. Finally, Roth Capital reissued a “neutral” rating on shares of Stem in a research report on Monday, December 19th.
Stem Price Performance
Shares of Stem stock opened at $6.51 on Thursday. Stem has a 52-week low of $5.72 and a 52-week high of $18.02. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -8.04 and a beta of 2.19. The company has a fifty day moving average of $8.99 and a 200-day moving average of $11.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.96 and a current ratio of 2.00.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. SailingStone Capital Partners LLC bought a new stake in Stem during the 4th quarter valued at about $34,000. U.S. Capital Wealth Advisors LLC bought a new stake in Stem during the 4th quarter valued at about $35,000. Canada Pension Plan Investment Board bought a new stake in Stem during the 3rd quarter valued at about $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Stem during the 2nd quarter valued at about $53,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Stem during the 1st quarter valued at about $67,000. 52.10% of the stock is currently owned by institutional investors.
Stem Company Profile
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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