Stem, Inc. (NYSE:STEM) Stock Has Consensus Price Target of $7.45

Shares of Stem, Inc. (NYSE:STEM) have earned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.85.

A number of equities research analysts recently issued reports on STEM shares. UBS Group raised shares of Stem from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Friday, September 25th. Barclays lowered their target price on Stem from $18.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Weiss Ratings downgraded Stem from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Susquehanna reduced their price target on shares of Stem from $7.50 to $4.50 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen raised shares of Stem from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th.

Institutional Investors Weigh In On Stem

Several large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP acquired a new stake in shares of Stem in the second quarter valued at $99,000. Royal Bank of Canada grew its stake in Stem by 8.8% during the 1st quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock worth $249,000 after purchasing an additional 2,275 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Stem by 423.0% during the first quarter. Renaissance Technologies LLC now owns 58,575 shares of the company’s stock worth $518,000 after buying an additional 47,375 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Stem by 48.1% in the fourth quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock worth $434,000 after acquiring an additional 9,233 shares during the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.

Stem Trading Down 5.7%

STEM stock traded down $0.21 during mid-day trading on Friday, reaching $3.49. The company’s stock had a trading volume of 74,817 shares, compared to its average volume of 197,290. The company’s 50 day moving average is $4.94 and its two-hundred day moving average is $7.14. Stem has a fifty-two week low of $3.46 and a fifty-two week high of $26.30. The stock has a market cap of $33.60 million, a PE ratio of -0.41 and a beta of 1.58.

Stem (NYSE:STEM) last issued its earnings results on Wednesday, August 12th. The company reported ($1.58) earnings per share for the quarter, topping the consensus estimate of ($1.75) by $0.17. The company had revenue of $33.65 million for the quarter, compared to analyst estimates of $36.65 million. On average, analysts forecast that Stem will post -7.04 earnings per share for the current fiscal year.

About Stem

Stem, Inc is a clean-energy technology company that provides software and services for managing renewable energy and energy storage assets. Its platform is designed to help commercial, industrial and utility customers optimize electricity use, coordinate battery storage, and improve the performance of solar and other distributed energy resources.

The company’s offerings have included Athena, an artificial-intelligence-driven energy optimization platform, as well as software for monitoring, managing and reporting on renewable energy assets.