Analysts Set Stem, Inc. (NYSE:STEM) Price Target at $10.86

Key Points

• Shares of Stem, Inc. (NYSE:STEM) have received an average rating of "Hold" from seven brokerages, with a 12-month price target averaging $10.86.
• The company reported a quarterly earnings loss of ($3.73) EPS, missing the consensus estimate, despite exceeding revenue expectations at $38.4 million.
• Institutional investors have increased their stakes significantly, showing a robust interest in Stem, as evidenced by Balyasny Asset Management's 569.6% increase in their position.

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have been assigned an average rating of "Hold" from the seven ratings firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.8571.

STEM has been the topic of several analyst reports. Barclays set a $13.00 target price on shares of Stem and gave the stock an "equal weight" rating in a research note on Monday, August 11th. UBS Group upped their target price on shares of Stem from $8.60 to $16.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd.

Stem Price Performance

NYSE:STEM traded down $0.46 during mid-day trading on Friday, hitting $13.40. 42,929 shares of the company's stock were exchanged, compared to its average volume of 432,510. Stem has a one year low of $5.81 and a one year high of $33.60. The business has a fifty day moving average price of $13.19 and a 200 day moving average price of $10.31. The company has a market cap of $112.05 million, a PE ratio of -0.46 and a beta of 1.32.

Stem (NYSE:STEM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) EPS for the quarter, missing the consensus estimate of ($3.00) by ($0.73). The company had revenue of $38.40 million for the quarter, compared to analyst estimates of $32.18 million. Stem has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Stem will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. increased its holdings in Stem by 569.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock valued at $73,000 after buying an additional 103,254 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Stem by 102.9% in 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 in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Stem in the fourth quarter worth $480,000. Northern Trust Corp increased its stake in shares of 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. Finally, Marshall Wace LLP purchased a new position in Stem during the second quarter valued at $187,000. Institutional investors own 61.63% of the company's stock.

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.