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

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

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

Stem Price Performance

Shares of STEM traded down $0.01 during mid-day trading on Wednesday, hitting $0.43. The stock had a trading volume of 2,869,896 shares, compared to its average volume of 7,324,270. The company's fifty day simple moving average is $0.47 and its two-hundred day simple moving average is $0.50. Stem has a fifty-two week low of $0.29 and a fifty-two week high of $1.68.

Stem shares are going to reverse split before the market opens on Monday, June 23rd. The 1-20 reverse split was announced on Wednesday, June 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 20th.

Stem (NYSE:STEM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.05. The business had revenue of $32.51 million for the quarter, compared to the consensus estimate of $28.59 million. Stem had a negative return on equity of 275.79% and a negative net margin of 532.03%. As a group, analysts forecast that Stem will post -0.52 EPS for the current year.

Hedge Funds Weigh In On Stem

Several hedge funds have recently modified their holdings of the company. Electron Capital Partners LLC increased 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 purchasing an additional 32,313 shares during the period. Bank of America Corp DE increased its position in shares of Stem by 25.3% during the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company's stock valued at $111,000 after purchasing an additional 37,115 shares during the period. Nomura Holdings Inc. grew 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 during the last quarter. Hsbc Holdings PLC grew its holdings in shares of 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 acquiring an additional 46,573 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Stem by 8.7% in the 4th 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 currently 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.