Stem, Inc. (NYSE:STEM) Receives Average Recommendation of “Hold” from Brokerages

Stem, Inc. (NYSE:STEMGet Free Report) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.03.

STEM has been the subject of a number of recent research reports. TD Cowen dropped their price objective on shares of Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.50 price target (down previously from $5.50) on shares of Stem in a research report on Friday, March 22nd. BMO Capital Markets decreased their price objective on Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a report on Thursday, February 29th. Piper Sandler dropped their target price on Stem from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Finally, Morgan Stanley decreased their price target on Stem from $7.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th.

Read Our Latest Research Report on STEM

Stem Price Performance

Shares of Stem stock opened at $2.19 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 1.78. The company has a market cap of $345.52 million, a PE ratio of -1.71 and a beta of 1.92. The firm has a fifty day moving average price of $2.63 and a two-hundred day moving average price of $3.26. Stem has a fifty-two week low of $1.73 and a fifty-two week high of $7.78.

Stem (NYSE:STEMGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The firm had revenue of $167.42 million for the quarter, compared to analyst estimates of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. Analysts expect that Stem will post -0.48 EPS for the current year.

Insider Buying and Selling

In other news, insider Saul R. Laureles sold 9,893 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $3.23, for a total transaction of $31,954.39. Following the transaction, the insider now directly owns 56,226 shares in the company, valued at $181,609.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Saul R. Laureles sold 9,893 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $3.23, for a total transaction of $31,954.39. Following the completion of the sale, the insider now owns 56,226 shares in the company, valued at $181,609.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Alan Russo sold 14,390 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $3.17, for a total value of $45,616.30. Following the completion of the transaction, the executive now owns 158,204 shares in the company, valued at approximately $501,506.68. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 130,418 shares of company stock worth $238,045 and have sold 524,467 shares worth $1,215,826. 9.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Stem

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Stem by 106.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,341,334 shares of the company’s stock valued at $26,887,000 after purchasing an additional 3,271,193 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Stem during the 1st quarter worth about $30,405,000. Wellington Management Group LLP increased its stake in shares of Stem by 87.4% in the 1st quarter. Wellington Management Group LLP now owns 4,295,030 shares of the company’s stock valued at $24,353,000 after acquiring an additional 2,002,840 shares during the last quarter. Electron Capital Partners LLC raised its position in shares of Stem by 62.2% in the 3rd quarter. Electron Capital Partners LLC now owns 4,978,739 shares of the company’s stock valued at $21,110,000 after acquiring an additional 1,909,478 shares during the period. Finally, BlackRock Inc. boosted its stake in Stem by 13.6% during the 2nd quarter. BlackRock Inc. now owns 10,569,524 shares of the company’s stock worth $60,458,000 after acquiring an additional 1,263,049 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

Stem Company Profile

(Get Free Report

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.

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Analyst Recommendations for Stem (NYSE:STEM)

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