Stem, Inc. (NYSE:STEM) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Stem, Inc. has received an average recommendation of "Hold" from seven research firms, with an average 12-month price target of $10.86.
• Recently, Barclays set a price objective of $13.00, while UBS increased theirs from $8.60 to $16.00 with a "neutral" rating.
• The company reported a loss of $3.73 per share for the last quarter, missing the consensus estimate, but had revenues of $38.40 million, exceeding expectations.

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

Several equities research analysts recently weighed in on the stock. Barclays set a $13.00 price objective on shares of Stem and gave the stock an "equal weight" rating in a report on Monday, August 11th. UBS Group upped their price objective on shares of Stem from $8.60 to $16.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd.

Institutional Investors Weigh In On Stem

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Stem by 505.8% during the first quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company's stock valued at $519,000 after acquiring an additional 1,238,012 shares during the period. Cerity Partners LLC bought a new position in shares of Stem in the first quarter valued at about $29,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Stem by 22.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company's stock valued at $156,000 after buying an additional 80,000 shares during the last quarter. CWM LLC raised its holdings in shares of Stem by 317.7% in the first quarter. CWM LLC now owns 89,913 shares of the company's stock valued at $31,000 after buying an additional 68,386 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Stem by 5.6% in the first quarter. Hsbc Holdings PLC now owns 873,282 shares of the company's stock valued at $307,000 after buying an additional 46,573 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

Stem Stock Performance

Shares of STEM opened at $17.20 on Tuesday. Stem has a 1 year low of $5.81 and a 1 year high of $33.60. The company has a market cap of $144.34 million, a price-to-earnings ratio of -0.59 and a beta of 1.32. The firm has a fifty day moving average of $15.39 and a 200-day moving average of $11.15.

Stem (NYSE:STEM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.00) by ($0.73). The firm had revenue of $38.40 million for the quarter, compared to the consensus estimate of $32.18 million. Stem has set its FY 2025 guidance at EPS. Analysts predict that Stem will post -0.52 EPS for the current year.

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.

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