Stem, Inc. (NYSE:STEM) Given Average Rating of "Hold" by Analysts

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have been given an average rating of "Hold" by the nine brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.22.

A number of research firms have recently commented on STEM. UBS Group reiterated a "neutral" rating on shares of Stem in a research note on Monday, April 14th. Susquehanna lifted their price objective on Stem from $8.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st.

Institutional Investors Weigh In On Stem

Institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new position in shares of Stem in the 1st quarter worth approximately $29,000. CWM LLC boosted its holdings in shares of Stem by 317.7% in the 1st quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after acquiring an additional 68,386 shares in the last quarter. Electron Capital Partners LLC boosted its holdings in shares of Stem by 24.7% in the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock worth $57,000 after acquiring an additional 32,313 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Stem by 569.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock worth $73,000 after acquiring an additional 103,254 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 44,433 shares in the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

Stem Trading Down 0.2%

NYSE STEM traded down $0.02 during trading on Friday, hitting $8.66. 149,992 shares of the company traded hands, compared to its average volume of 386,253. Stem has a 12 month low of $5.81 and a 12 month high of $33.60. The business has a fifty day simple moving average of $9.36 and a 200 day simple moving average of $10.16. The company has a market capitalization of $72.05 million, a P/E ratio of -0.09 and a beta of 1.24.

Stem (NYSE:STEM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($3.00) EPS for the quarter, topping analysts' consensus estimates of ($4.00) by $1.00. The business had revenue of $32.51 million during the quarter, compared to the consensus estimate of $28.59 million. Equities research analysts predict that Stem will post -0.52 EPS 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.