Stem, Inc. (NYSE:STEM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Stem, Inc. (NYSE:STEM) have received an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.8571.

Several equities analysts have recently issued reports on STEM shares. Barclays set a $13.00 target price on Stem and gave the stock an “equal weight” rating in a research report on Monday, August 11th. UBS Group boosted their target price on Stem from $8.60 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd.

Institutional Trading of Stem

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in Stem by 505.8% during the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock worth $519,000 after purchasing an additional 1,238,012 shares in the last quarter. Marshall Wace LLP bought a new stake in Stem during the 2nd quarter worth approximately $187,000. Bridgeway Capital Management LLC acquired a new position in Stem during the 2nd quarter worth approximately $97,000. Nomura Holdings Inc. boosted its position in Stem by 24.1% during the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock worth $80,000 after acquiring an additional 44,433 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Stem by 22.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company’s stock worth $156,000 after acquiring an additional 80,000 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

Stem Stock Down 3.7%

Stem stock opened at $17.20 on Tuesday. The stock has a 50-day simple moving average of $15.39 and a 200 day simple moving average of $11.15. Stem has a 12-month low of $5.81 and a 12-month high of $33.60. The stock has a market capitalization of $144.34 million, a price-to-earnings ratio of -0.59 and a beta of 1.32.

Stem (NYSE:STEM) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) earnings per share for the quarter, missing the consensus estimate of ($3.00) by ($0.73). The business had revenue of $38.40 million during the quarter, compared to analysts’ expectations of $32.18 million. Stem has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate 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.