Stem, Inc. (NYSE:STEM) Given Consensus Rating of “Reduce” by Analysts

by · The Markets Daily

Stem, Inc. (NYSE:STEM – Get Free Report) has been assigned an average recommendation of “Reduce” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.00.

STEM has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Stem in a research note on Monday, December 8th. Barclays reissued a “reduce” rating and set a $18.00 price objective (up from $13.00) on shares of Stem in a research note on Friday, October 31st. Roth Capital set a $23.00 target price on Stem and gave the stock a “neutral” rating in a research report on Thursday, October 30th. UBS Group increased their price target on Stem from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Susquehanna lifted their price target on Stem from $12.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th.

Read Our Latest Stock Analysis on Stem

Insider Buying and Selling at Stem

In other news, CAO Rahul Shukla sold 3,674 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $16.21, for a total transaction of $59,555.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stem

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Stem by 505.8% during the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock valued at $519,000 after purchasing an additional 1,238,012 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Stem by 5.6% during the first quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock valued at $307,000 after buying an additional 46,573 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Stem by 22.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company’s stock valued at $156,000 after buying an additional 80,000 shares during the period. Vanguard Group Inc. lifted its stake in Stem by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 395,223 shares of the company’s stock worth $6,924,000 after acquiring an additional 8,468 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its position in Stem by 24.1% during the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock worth $80,000 after acquiring an additional 44,433 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Stock Down 11.4%

Shares of STEM stock opened at $19.39 on Friday. The stock has a 50-day simple moving average of $19.65 and a 200 day simple moving average of $15.26. The stock has a market capitalization of $162.65 million, a P/E ratio of -1.42 and a beta of 1.43. Stem has a fifty-two week low of $5.81 and a fifty-two week high of $33.60.

Stem (NYSE:STEM – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($2.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.85) by ($0.99). The business had revenue of $38.24 million for the quarter, compared to the consensus estimate of $39.07 million. On average, sell-side analysts anticipate that Stem will post -0.52 earnings per share for the current year.

Stem Company Profile

(Get Free Report)

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.

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