Stem (NYSE:STEM) Price Target Cut to $2.50 by Analysts at UBS Group

Stem (NYSE:STEM) had its price objective lowered by analysts at UBS Group from $5.00 to $2.50 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 86.57% from the company’s current price.

STEM has been the topic of a number of other research reports. Evercore ISI cut their price target on shares of Stem from $13.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. 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. Piper Sandler reduced their target price on Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Susquehanna reduced their price objective on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group cut their target price on shares of Stem from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stem has a consensus rating of “Hold” and a consensus target price of $4.77.

Stem Price Performance

Shares of STEM stock traded up $0.05 during trading hours on Wednesday, hitting $1.34. 1,430,721 shares of the company’s stock were exchanged, compared to its average volume of 4,735,823. Stem has a 12-month low of $1.27 and a 12-month high of $7.79. The company has a market capitalization of $211.41 million, a PE ratio of -0.91 and a beta of 1.91. The business’s 50 day simple moving average is $1.93 and its 200-day simple moving average is $2.79. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23.

Stem (NYSE:STEM) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The company had revenue of $25.50 million during the quarter, compared to analysts’ expectations of $66.67 million. Stem had a negative return on equity of 34.37% and a negative net margin of 40.03%. The firm’s quarterly revenue was down 61.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.29) EPS. On average, equities research analysts anticipate that Stem will post -0.51 earnings per share for the current year.

Insider Activity

In related news, CFO William John Bush sold 20,367 shares of Stem stock in a transaction on Friday, February 16th. The stock was sold at an average price of $3.17, for a total transaction of $64,563.39. Following the transaction, the chief financial officer now directly owns 276,814 shares in the company, valued at $877,500.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO William John Bush sold 20,367 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $3.17, for a total value of $64,563.39. Following the transaction, the chief financial officer now owns 276,814 shares of the company’s stock, valued at $877,500.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Saul R. Laureles sold 10,959 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $34,740.03. Following the completion of the transaction, the insider now directly owns 80,003 shares of the company’s stock, valued at $253,609.51. The disclosure for this sale can be found here. In the last quarter, insiders acquired 130,418 shares of company stock valued at $238,045 and sold 772,268 shares valued at $1,650,229. Insiders own 10.17% of the company’s stock.

Institutional Trading of Stem

Institutional investors and hedge funds have recently made changes to their positions in the company. abrdn plc acquired a new position in Stem during the 4th quarter valued at about $40,000. Neuberger Berman Group LLC purchased a new position in Stem during the 4th quarter worth approximately $41,000. Sequoia Financial Advisors LLC acquired a new stake in Stem during the 3rd quarter valued at approximately $55,000. Horizon Family Wealth Inc. acquired a new stake in shares of Stem in the third quarter worth $57,000. Finally, Wellington Wealth Strategies LLC. purchased a new position in shares of Stem during the fourth quarter worth $66,000. 61.63% of the stock is currently owned by institutional investors.

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.