Analysts Set Stem, Inc. (NYSE:STEM) Target Price at $1.11

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have received an average recommendation of "Hold" from the nine research firms that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to 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 have recently weighed in on STEM shares. BMO Capital Markets decreased their target price on shares of Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a research note on Wednesday, March 5th. UBS Group restated a "neutral" rating on shares of Stem in a research report on Monday, April 14th. Roth Mkm upped their price objective 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. Finally, Susquehanna raised their target price on shares of Stem from $0.40 to $0.60 and gave the company a "neutral" rating in a research note on Thursday, May 1st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in shares of Stem by 505.8% during the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company's stock worth $519,000 after purchasing an additional 1,238,012 shares in the last quarter. Northern Trust Corp boosted its stake in Stem by 6.3% in the fourth quarter. Northern Trust Corp now owns 1,295,149 shares of the company's stock worth $781,000 after purchasing an additional 76,320 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Stem by 5.6% in 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 during the last quarter. BNP Paribas Financial Markets acquired a new stake in Stem in the 4th quarter valued at about $480,000. Finally, Wells Fargo & Company MN raised its stake in shares of Stem by 8.7% in the fourth quarter. Wells Fargo & Company MN now owns 678,685 shares of the company's stock worth $409,000 after acquiring an additional 54,194 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

Stem Price Performance

Shares of STEM stock traded down $0.01 during trading hours on Friday, reaching $0.47. 1,220,460 shares of the stock were exchanged, compared to its average volume of 7,327,364. Stem has a 12-month low of $0.29 and a 12-month high of $1.68. The firm has a market capitalization of $76.82 million, a P/E ratio of -0.09 and a beta of 1.42. The business's fifty day moving average is $0.43 and its two-hundred day moving average is $0.49.

Stem (NYSE:STEM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The firm had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. As a group, equities research analysts predict that Stem will post -0.52 earnings per share for the current fiscal year.

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.