Stem, Inc. to Post FY2024 Earnings of ($0.52) Per Share, Marathon Capitl Forecasts (NYSE:STEM)

Stem, Inc. (NYSE:STEM) – Investment analysts at Marathon Capitl issued their FY2024 earnings per share estimates for Stem in a report released on Thursday, May 2nd. Marathon Capitl analyst A. Kania expects that the company will earn ($0.52) per share for the year. The consensus estimate for Stem’s current full-year earnings is ($0.51) per share. Marathon Capitl also issued estimates for Stem’s FY2025 earnings at ($0.53) EPS, FY2026 earnings at ($0.47) EPS, FY2027 earnings at ($0.40) EPS and FY2028 earnings at ($0.34) EPS.

Stem (NYSE:STEM) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Stem had a negative return on equity of 34.37% and a negative net margin of 40.03%. The firm had revenue of $25.50 million for the quarter, compared to the consensus estimate of $66.67 million. During the same quarter in the previous year, the business posted ($0.29) EPS. The firm’s revenue for the quarter was down 61.9% compared to the same quarter last year.

Several other equities research analysts have also commented on STEM. TD Cowen cut their target price on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. BMO Capital Markets reduced their price objective on shares of Stem from $2.50 to $1.85 and set a “market perform” rating for the company in a research report on Friday. Piper Sandler dropped their target price on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Susquehanna reduced their price target on shares of Stem from $5.50 to $4.00 and set a “positive” rating for the company in a report on Thursday, February 29th. Finally, The Goldman Sachs Group decreased their price target on shares of Stem from $2.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.20.

Stem Price Performance

STEM stock opened at $1.40 on Monday. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 1.23. The company’s fifty day simple moving average is $1.98 and its 200 day simple moving average is $2.82. Stem has a 12-month low of $1.36 and a 12-month high of $7.79. The firm has a market cap of $220.09 million, a price-to-earnings ratio of -0.97 and a beta of 1.91.

Insiders Place Their Bets

In related news, COO Michael James Carlson sold 9,952 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $3.17, for a total transaction of $31,547.84. Following the completion of the sale, the chief operating officer now owns 20,367 shares in the company, valued at $64,563.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Stem news, CRO Alan Russo sold 14,390 shares of Stem stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $45,616.30. Following the transaction, the executive now owns 158,204 shares of the company’s stock, valued at approximately $501,506.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michael James Carlson sold 9,952 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $3.17, for a total value of $31,547.84. Following the completion of the transaction, the chief operating officer now owns 20,367 shares in the company, valued at approximately $64,563.39. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 130,418 shares of company stock valued at $238,045 and sold 578,097 shares valued at $1,291,013. Corporate insiders own 10.17% of the company’s stock.

Institutional Trading of Stem

A number of institutional investors and hedge funds have recently modified their holdings of the business. abrdn plc bought a new stake in Stem during the fourth quarter worth $40,000. Neuberger Berman Group LLC bought a new stake in shares of Stem in the fourth quarter valued at $41,000. Sequoia Financial Advisors LLC purchased a new position in shares of Stem in the third quarter valued at $55,000. Horizon Family Wealth Inc. bought a new stake in shares of Stem during the 3rd quarter valued at $57,000. Finally, Wellington Wealth Strategies LLC. bought a new stake in shares of Stem during the 4th quarter valued at $66,000. 61.63% of the stock is owned by hedge funds and other 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.