Stem (NYSE:STEM) Posts Quarterly Earnings Results, Misses Estimates By $0.73 EPS

Key Points

• Stem reported a loss of ($3.73) earnings per share (EPS), missing analysts' expectations by ($0.73), although the revenue of $38.40 million surpassed the consensus estimate of $32.18 million.
• AQR Capital Management increased its stake in Stem by 505.8%, owning approximately 1.48 million shares, while institutional investors currently hold 61.63% of the company's stock.
• Analysts maintain a "Hold" rating on Stem, with a consensus target price of $11.43 after some brokerages raised their price objectives.

Stem (NYSE:STEM - Get Free Report) posted its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.00) by ($0.73), Zacks reports. The company had revenue of $38.40 million during the quarter, compared to the consensus estimate of $32.18 million. Stem updated its FY 2025 guidance to EPS.

Stem Trading Down 8.2%

Shares of STEM stock traded down $1.25 during mid-day trading on Thursday, reaching $13.99. The stock had a trading volume of 152,765 shares, compared to its average volume of 458,324. The business's fifty day moving average is $10.81 and its 200-day moving average is $9.86. The firm has a market cap of $116.34 million, a price-to-earnings ratio of -0.48 and a beta of 1.31. Stem has a 1-year low of $5.81 and a 1-year high of $33.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Stem stock. AQR Capital Management LLC boosted its holdings in shares of Stem, Inc. (NYSE:STEM - Free Report) by 505.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,482,790 shares of the company's stock after purchasing an additional 1,238,012 shares during the quarter. AQR Capital Management LLC owned approximately 0.90% of Stem worth $519,000 at the end of the most recent reporting period. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STEM shares. Susquehanna boosted their price objective on Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays set a $13.00 target price on Stem and gave the stock an "equal weight" rating in a report on Monday. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.43.

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.