Brokerages Set Stem, Inc. (NYSE:STEM) PT at $1.11

Stem, Inc. (NYSE:STEM) has been given an average recommendation of “Hold” by the nine research firms that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1.11.

A number of research firms have issued reports on STEM. Susquehanna boosted their price objective on shares of Stem from $0.40 to $0.60 and gave the company a “neutral” rating in a report on Thursday, May 1st. Roth Mkm boosted their target price on shares of Stem from $0.35 to $0.40 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. UBS Group restated a “neutral” rating on shares of Stem in a research report on Monday, April 14th. Finally, BMO Capital Markets dropped their target price on shares of Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research report on Wednesday, March 5th.

Hedge Funds Weigh In On Stem

A number of institutional investors have recently added to or reduced their stakes in STEM. Cerity Partners LLC acquired a new position in Stem in the 1st quarter valued at approximately $29,000. Aries Wealth Management boosted its stake in Stem by 100.0% during the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after acquiring an additional 25,000 shares in the last quarter. CWM LLC raised its holdings in Stem by 317.7% during the first quarter. CWM LLC now owns 89,913 shares of the company’s stock worth $31,000 after buying an additional 68,386 shares during the last quarter. Electron Capital Partners LLC raised its holdings in Stem by 24.7% during the first quarter. Electron Capital Partners LLC now owns 163,390 shares of the company’s stock worth $57,000 after buying an additional 32,313 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Stem by 569.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company’s stock worth $73,000 after buying an additional 103,254 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stem Stock Up 6.4%

NYSE STEM opened at $0.49 on Friday. The company has a market capitalization of $80.83 million, a P/E ratio of -0.09 and a beta of 1.42. Stem has a 12-month low of $0.29 and a 12-month high of $1.68. The firm has a 50-day moving average price of $0.43 and a two-hundred day moving average price of $0.49.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. The firm had revenue of $32.51 million during the quarter, compared to the consensus estimate of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. Equities analysts expect that Stem will post -0.52 EPS for the current year.

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.