Stem, Inc. (NYSE:STEM) Receives $12.14 Average Target Price from Analysts

Stem, Inc. (NYSE:STEM) has been given a consensus rating of “Reduce” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.1429.

Several research firms recently issued reports on STEM. Weiss Ratings reissued a “sell (d-)” rating on shares of Stem in a research report on Wednesday, October 8th. Barclays set a $13.00 price objective on shares of Stem and gave the company an “equal weight” rating in a research note on Monday, August 11th. UBS Group lifted their price objective on shares of Stem from $8.60 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Finally, Susquehanna upped their target price on shares of Stem from $12.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 13th.

Stem Stock Performance

STEM stock opened at $23.15 on Friday. The stock’s 50 day simple moving average is $19.25 and its 200 day simple moving average is $13.52. The company has a market cap of $194.23 million, a P/E ratio of -0.80 and a beta of 1.34. Stem has a fifty-two week low of $5.81 and a fifty-two week high of $33.60.

Stem (NYSE:STEM) last announced its quarterly earnings data on Wednesday, October 29th. The company reported ($2.84) EPS for the quarter, missing analysts’ consensus estimates of ($1.85) by ($0.99). Stem has set its FY 2025 guidance at EPS. Equities analysts predict that Stem will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cerity Partners LLC bought a new stake in Stem during the first quarter worth $29,000. CWM LLC lifted its stake in Stem by 317.7% during the 1st quarter. CWM LLC now owns 89,913 shares of the company’s stock valued at $31,000 after acquiring an additional 68,386 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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. Hsbc Holdings PLC grew its stake in shares of Stem by 5.6% in the 1st quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock worth $307,000 after acquiring an additional 46,573 shares in the last quarter. Finally, Nomura Holdings Inc. grew its stake in shares of Stem by 24.1% in 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 in the last quarter. Institutional investors own 61.63% of the company’s stock.

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.