Stem, Inc. (NYSE:STEM) Receives $10.43 Consensus Target Price from Brokerages

Key Points

• Stem, Inc. has received an average analyst recommendation of "Hold" and a twelve-month target price of $10.43 from seven analysts.
• Institutional investors have recently increased their stakes, with Electron Capital Partners LLC and AQR Capital Management LLC growing their holdings significantly during the 1st quarter of this year.
• Despite trading up 8.8% recently, Stem reported a loss of $3.73 EPS in its latest earnings results, which missed analysts' expectations.

Stem, Inc. (NYSE:STEM - Get Free Report) has been given a consensus rating of "Hold" by the seven research firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $10.4286.

Several analysts have commented on STEM shares. Susquehanna lifted their price target on Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays set a $13.00 target price on Stem and gave the company an "equal weight" rating in a research report on Monday.

Stem Stock Performance

Shares of STEM traded down $0.31 during mid-day trading on Monday, hitting $14.40. 30,746 shares of the company's stock were exchanged, compared to its average volume of 456,221. The stock's 50-day moving average is $10.89 and its 200-day moving average is $9.86. The company has a market cap of $119.77 million, a price-to-earnings ratio of -0.49 and a beta of 1.31. 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 announced its earnings results on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.00) by ($0.73). The firm had revenue of $38.40 million for the quarter, compared to analyst estimates of $32.18 million. As a group, equities research analysts anticipate that Stem will post -0.52 EPS for the current year.

Institutional Trading of Stem

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC purchased a new position in Stem in the second quarter valued at approximately $97,000. Marshall Wace LLP purchased a new stake in Stem during the second quarter valued at about $187,000. Electron Capital Partners LLC grew its stake in shares of Stem by 24.7% during the first quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock valued at $57,000 after buying an additional 32,313 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Stem by 25.3% during the fourth quarter. Bank of America Corp DE now owns 183,840 shares of the company's stock valued at $111,000 after buying an additional 37,115 shares during the last quarter. Finally, Nomura Holdings Inc. grew its stake in shares of Stem by 24.1% during the first quarter. Nomura Holdings Inc. now owns 228,814 shares of the company's stock valued at $80,000 after buying an additional 44,433 shares during the last quarter. 61.63% of the stock is 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.