Stem (NYSE:STEM) Price Target Raised to $21.00

Key Points

• Susquehanna raised the price target for Stem (NYSE:STEM) from $12.00 to $21.00, maintaining a "neutral" rating despite indicating a potential downside of 12.59% based on the company's previous close.
• Stem's stock increased by 15.3% to $24.03 on Monday, reflecting strong trading activity with over 57,000 shares exchanged during the session.
• The company reported a quarterly loss of ($3.73) EPS, missing analysts' estimates, yet exceeded revenue expectations with $38.40 million for the quarter.

Stem (NYSE:STEM - Get Free Report) had its target price hoisted by research analysts at Susquehanna from $12.00 to $21.00 in a report released on Monday, Marketbeat Ratings reports. The brokerage presently has a "neutral" rating on the stock. Susquehanna's price target indicates a potential downside of 12.59% from the company's previous close.

A number of other research firms also recently issued reports on STEM. Barclays set a $13.00 price target on Stem and gave the company an "equal weight" rating in a research note on Monday, August 11th. UBS Group boosted their target price on Stem from $8.60 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stem in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $12.14.

Stem Stock Up 15.3%

STEM traded up $3.20 during trading on Monday, hitting $24.03. 57,042 shares of the company traded hands, compared to its average volume of 428,005. The firm has a market cap of $201.57 million, a P/E ratio of -0.84 and a beta of 1.34. Stem has a one year low of $5.81 and a one year high of $33.60. The stock's fifty day moving average is $16.60 and its 200 day moving average is $11.97.

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 analysts' consensus estimates of ($3.00) by ($0.73). The firm had revenue of $38.40 million for the quarter, compared to analysts' expectations of $32.18 million. Stem has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Stem will post -0.52 EPS for the current fiscal year.

Institutional Trading of Stem

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC acquired a new stake in shares of Stem in the 2nd quarter worth approximately $97,000. Marshall Wace LLP purchased a new position in shares of Stem in the 2nd quarter worth $187,000. Electron Capital Partners LLC raised its position in shares of Stem by 24.7% in 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 period. AQR Capital Management LLC raised its position in shares of Stem by 505.8% in the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company's stock worth $519,000 after buying an additional 1,238,012 shares during the period. Finally, Nomura Holdings Inc. raised its position 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 buying an additional 44,433 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.

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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