Stem, Inc. (NYSE:STEM) Receives $17.36 Consensus PT from Brokerages

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

In other Stem news, CAO Rahul Shukla sold 4,193 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $8.23, for a total value of $34,508.39. Following the completion of the transaction, the chief accounting officer now directly owns 3,807 shares in the company, valued at approximately $31,331.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Kim Homenock sold 27,063 shares of the stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $6.72, for a total value of $181,863.36. Following the completion of the transaction, the insider now directly owns 69,731 shares in the company, valued at approximately $468,592.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rahul Shukla sold 4,193 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $8.23, for a total transaction of $34,508.39. Following the completion of the transaction, the chief accounting officer now owns 3,807 shares of the company’s stock, valued at $31,331.61. The disclosure for this sale can be found here. Company insiders own 7.20% of the company’s stock.

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

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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.