Stem, Inc. (NYSE:STEM) Receives Consensus Rating of “Hold” from Brokerages

Stem, Inc. (NYSE:STEM) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.96.

Several analysts have weighed in on STEM shares. Piper Sandler dropped their target price on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. BMO Capital Markets cut their target price on Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a research report on Thursday, February 29th. TD Cowen lowered their price target on Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.50 price objective (down from $5.50) on shares of Stem in a report on Friday, March 22nd. Finally, Susquehanna decreased their target price on Stem from $5.50 to $4.00 and set a “positive” rating for the company in a report on Thursday, February 29th.

Stem Trading Down 4.0 %

Stem stock opened at $1.66 on Friday. Stem has a 1-year low of $1.46 and a 1-year high of $7.79. The business has a fifty day moving average price of $2.11 and a 200-day moving average price of $2.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 1.78.

Stem (NYSE:STEM) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.09). Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. The business had revenue of $167.42 million during the quarter, compared to analyst estimates of $254.23 million. As a group, equities analysts anticipate that Stem will post -0.51 EPS for the current year.

Insider Transactions at Stem

In other Stem news, Director David S. Buzby bought 33,800 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $1.81 per share, for a total transaction of $61,178.00. Following the transaction, the director now directly owns 768,448 shares of the company’s stock, valued at approximately $1,390,890.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CRO Alan Russo sold 14,390 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $3.17, for a total transaction of $45,616.30. Following the completion of the sale, the executive now directly owns 158,204 shares in the company, valued at $501,506.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David S. Buzby acquired 33,800 shares of the business’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $1.81 per share, with a total value of $61,178.00. Following the acquisition, the director now owns 768,448 shares in the company, valued at approximately $1,390,890.88. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 130,418 shares of company stock valued at $238,045 and have sold 515,950 shares valued at $1,188,252. Corporate insiders own 9.12% of the company’s stock.

Institutional Investors Weigh In On Stem

A number of hedge funds have recently modified their holdings of STEM. SCP Investment LP lifted its holdings in Stem by 4.7% in the fourth quarter. SCP Investment LP now owns 172,600 shares of the company’s stock valued at $734,000 after acquiring an additional 7,800 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Stem in the 4th quarter valued at $228,000. Clarity Capital Partners LLC purchased a new position in shares of Stem during the 4th quarter worth $392,000. Wellington Wealth Strategies LLC. purchased a new stake in Stem in the 4th quarter valued at about $66,000. Finally, Symmetry Investments LP lifted its position in Stem by 146.2% in the fourth quarter. Symmetry Investments LP now owns 329,065 shares of the company’s stock valued at $1,277,000 after buying an additional 195,404 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Company Profile

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.