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

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have been given a consensus rating of "Hold" by the nine analysts that are presently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $1.11.

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Stem from $0.40 to $0.60 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. UBS Group restated a "neutral" rating on shares of Stem in a report on Monday, April 14th. BMO Capital Markets decreased their price objective on shares of Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a report on Wednesday, March 5th. Finally, Roth Mkm boosted their target price on shares of Stem from $0.35 to $0.40 and gave the company a "neutral" rating in a research note on Wednesday, March 5th.

Stem Stock Performance

NYSE:STEM traded up $0.01 during trading hours on Friday, reaching $0.47. The company's stock had a trading volume of 138,161 shares, compared to its average volume of 7,315,314. The firm has a market capitalization of $77.64 million, a price-to-earnings ratio of -0.09 and a beta of 1.42. The firm has a 50-day simple moving average of $0.43 and a 200-day simple moving average of $0.49. Stem has a 1 year low of $0.29 and a 1 year high of $1.68.

Stem (NYSE:STEM - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.05. The firm had revenue of $32.51 million for the quarter, compared to analysts' expectations of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. Equities analysts anticipate that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stem

A number of hedge funds have recently modified their holdings of the business. Electron Capital Partners LLC grew its position in shares of Stem by 24.7% during the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock valued at $57,000 after acquiring an additional 32,313 shares during the period. AQR Capital Management LLC boosted its holdings in Stem by 505.8% in the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company's stock worth $519,000 after buying an additional 1,238,012 shares during the period. Nomura Holdings Inc. boosted its holdings in Stem by 24.1% in the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company's stock worth $80,000 after buying an additional 44,433 shares during the period. Hsbc Holdings PLC boosted its holdings in Stem by 5.6% in the 1st quarter. Hsbc Holdings PLC now owns 873,282 shares of the company's stock worth $307,000 after buying an additional 46,573 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Stem by 22.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company's stock worth $156,000 after buying an additional 80,000 shares during the period. Institutional investors own 61.63% of the company's stock.

About Stem

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.