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

Stem, Inc. (NYSE:STEM - Get Free Report) has been assigned an average recommendation of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $22.22.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reduced their target price on Stem from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 5th. Susquehanna upped their target price on Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Roth Mkm upped their target price on Stem from $7.00 to $8.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Stem in a research note on Monday, April 14th.

Stem Trading Down 3.1%

Shares of NYSE:STEM traded down $0.01 during trading on Wednesday, hitting $0.42. 3,681,130 shares of the stock were exchanged, compared to its average volume of 7,330,675. The company has a fifty day moving average price of $9.55 and a two-hundred day moving average price of $10.11. The company has a market cap of $70.20 million, a PE ratio of -0.09 and a beta of 1.36. Stem has a 12-month low of $0.29 and a 12-month high of $1.68.

Stem shares are scheduled 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 ($3.00) EPS for the quarter, topping the consensus estimate of ($4.00) by $1.00. The business had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative return on equity of 275.79% and a negative net margin of 532.03%. Equities research analysts anticipate that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cerity Partners LLC acquired a new position in Stem in the 1st quarter valued at $29,000. CWM LLC raised its holdings in Stem by 317.7% in the 1st quarter. CWM LLC now owns 89,913 shares of the company's stock valued at $31,000 after acquiring an additional 68,386 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Stem by 569.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock valued at $73,000 after acquiring an additional 103,254 shares during the last quarter. Electron Capital Partners LLC increased its holdings 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 worth $57,000 after buying an additional 32,313 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings 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 worth $111,000 after buying an additional 37,115 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

About Stem

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.