Stem, Inc. (NYSE:STEM) Given Average Recommendation of "Hold" by Brokerages

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have been assigned an average rating of "Hold" from the nine analysts that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $1.11.

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

Stem Stock Performance

STEM stock traded up $0.02 during midday trading on Friday, reaching $0.48. The stock had a trading volume of 2,771,471 shares, compared to its average volume of 7,351,584. Stem has a 52-week low of $0.29 and a 52-week high of $1.68. The stock has a market cap of $78.15 million, a PE ratio of -0.09 and a beta of 1.42. The firm has a fifty day simple moving average of $0.43 and a two-hundred day simple moving average of $0.49.

Stem (NYSE:STEM - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.15) 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 return on equity of 275.79% and a negative net margin of 328.11%. On average, sell-side analysts predict that Stem will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Stem

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its position 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 buying an additional 1,238,012 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Stem in the 4th quarter worth about $480,000. Collar Capital Management LLC bought a new stake in Stem in the fourth quarter worth approximately $223,000. Canada Pension Plan Investment Board bought a new position in Stem during the fourth quarter valued at about $203,000. Finally, Deutsche Bank AG boosted its position in Stem by 102.9% during the fourth quarter. Deutsche Bank AG now owns 622,731 shares of the company's stock worth $374,000 after purchasing an additional 315,823 shares during the period. 61.63% of the stock is owned by institutional investors and hedge funds.

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.