Stem, Inc. (NYSE:STEM) Receives $1.38 Consensus Price Target from Analysts

Shares of Stem, Inc. (NYSE:STEM) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $1.38.

A number of analysts recently issued reports on STEM shares. The Goldman Sachs Group lowered their price target on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st. Barclays lowered their target price on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a report on Friday, October 18th. Piper Sandler reduced their price objective on shares of Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. Susquehanna boosted their target price on Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, UBS Group reduced their price target on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th.

Stem Price Performance

NYSE:STEM opened at $0.59 on Wednesday. The firm has a market capitalization of $96.77 million, a price-to-earnings ratio of -0.11 and a beta of 1.64. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.10 and a quick ratio of 0.94. The business has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.65. Stem has a 1 year low of $0.30 and a 1 year high of $4.12.

Institutional Trading of Stem

Several institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in shares of Stem by 73.9% in the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after acquiring an additional 14,307 shares in the last quarter. Rhumbline Advisers increased its position in Stem by 8.8% during the 2nd quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock valued at $291,000 after purchasing an additional 21,249 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Stem in the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC lifted its position in shares of Stem by 2,416.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock worth $32,000 after purchasing an additional 27,374 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Stem during the third quarter valued at approximately $25,000. 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.