Stem, Inc. (NYSE:STEM) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• Stem, Inc. (NYSE:STEM) has received an average recommendation of "Reduce" from brokerages, with one analyst issuing a sell rating and seven others assigning a hold rating.
• The average 1-year price target for Stem among analysts is $12.14, with recent reports suggesting varied target prices ranging from $8.60 to $21.00.
• Institutional investors have increased their stakes in Stem, with holdings by large investors comprising 61.63% of the company's stock as of the first quarter.

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) have been assigned an average recommendation of "Reduce" from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.1429.

STEM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stem in a research report on Friday. Susquehanna raised their target price on Stem from $12.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, October 13th. Barclays set a $13.00 target price on Stem and gave the company an "equal weight" rating in a research report on Monday, August 11th. Finally, UBS Group raised 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

Large investors have recently modified their holdings of the stock. Cerity Partners LLC purchased a new stake in Stem in the first quarter worth $29,000. CWM LLC increased its position in Stem by 317.7% in the first quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after buying an additional 68,386 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Stem by 22.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 444,053 shares of the company's stock worth $156,000 after acquiring an additional 80,000 shares during the last quarter. Hsbc Holdings PLC increased its holdings in 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, Nomura Holdings Inc. increased its holdings in 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. Hedge funds and other institutional investors own 61.63% of the company's stock.

Stem Trading Up 14.2%

NYSE STEM opened at $23.64 on Friday. The business has a fifty day simple moving average of $18.78 and a 200 day simple moving average of $13.10. The firm has a market capitalization of $198.36 million, a P/E ratio of -0.82 and a beta of 1.34. Stem has a 12 month low of $5.81 and a 12 month high of $33.60.

Stem (NYSE:STEM - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($3.73) 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. As a group, sell-side 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.

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