Stem, Inc. (NYSE:STEM) Stock Has Average Price Target of $6.54 According to Brokerages

Shares of Stem, Inc. (NYSE:STEM) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.54.

Several equities research analysts have weighed in on the company. Barclays cut their price target on Stem from $18.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Weiss Ratings lowered Stem from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. Susquehanna decreased their price objective on Stem from $7.50 to $4.50 and set a “neutral” rating for the company in a report on Wednesday, October 14th. UBS Group raised 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. Finally, New Street Research set a $8.00 target price on Stem in a research note on Monday, July 27th.

Stem Price Performance

STEM stock opened at $2.40 on Wednesday. The company has a market capitalization of $23.11 million, a P/E ratio of -0.28 and a beta of 1.68. Stem has a 12 month low of $2.15 and a 12 month high of $22.12. The firm’s fifty day simple moving average is $3.92 and its 200-day simple moving average is $7.85.

Stem (NYSE:STEM) last issued its earnings results on Wednesday, August 12th. The company reported ($1.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.75) by $0.17. The business had revenue of $33.65 million for the quarter, compared to analysts’ expectations of $36.65 million. As a group, sell-side analysts forecast that Stem will post -7.04 earnings per share for the current year.

Stem News Roundup

Here are the key news stories impacting Stem this week:

• Neutral Sentiment: A report says Wall Street brokerages currently rate Stem shares “Hold.” That signals a wait-and-see stance rather than a clear endorsement or a new positive catalyst. Stem, Inc. Stock Now Rated Hold by Wall Street Brokerages

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in Stem in the 3rd quarter worth approximately $45,000. Engineers Gate Manager LP acquired a new position in shares of Stem in the 2nd quarter valued at $99,000. Royal Bank of Canada boosted its holdings in Stem by 8.8% during the first quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock worth $249,000 after buying an additional 2,275 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Stem by 48.1% during the fourth quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock worth $434,000 after buying an additional 9,233 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in 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 in the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

Stem Company Profile

Stem, Inc. (NYSE: STEM) provides software and technology solutions for the clean energy industry. The company helps commercial, industrial, utility, and renewable energy customers manage energy storage systems, solar generation, and other distributed energy assets. Stem’s platform uses artificial intelligence, data analytics, and automation to optimize battery charging and discharging, support electricity cost management, and participate in energy markets. Its offerings include the Athena software platform, which manages energy storage and renewable assets, as well as PowerTrack, a monitoring and asset-management solution for solar and clean energy portfolios.