Stem (NYSE:STEM) Sets New 12-Month Low - Time to Sell?

Shares of Stem, Inc. (NYSE:STEM - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $0.41 and last traded at $8.21, with a volume of 3681130 shares changing hands. The stock had previously closed at $0.44.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STEM. UBS Group reaffirmed a "neutral" rating on shares of Stem in a research report on Monday, April 14th. Susquehanna upped their target price on Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Roth Mkm lifted their target price on Stem from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets reduced their price target on shares of Stem from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Stem presently has a consensus rating of "Hold" and a consensus target price of $22.22.

Stem Price Performance

The firm has a market capitalization of $1.22 billion, a PE ratio of -1.49 and a beta of 1.36. The company's fifty day simple moving average is $9.55 and its 200 day simple moving average is $10.12.

Stem (NYSE:STEM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($3.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.00) by $1.00. The company had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative net margin of 532.03% and a negative return on equity of 275.79%. On average, analysts anticipate that Stem, Inc. will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stem

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Stem by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 678,685 shares of the company's stock worth $409,000 after purchasing an additional 54,194 shares in the last quarter. XTX Topco Ltd raised its position in shares of Stem by 403.4% during the 4th quarter. XTX Topco Ltd now owns 286,690 shares of the company's stock valued at $173,000 after buying an additional 229,738 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Stem during the 4th quarter worth $203,000. Northern Trust Corp lifted its holdings in shares of Stem by 6.3% during the 4th quarter. Northern Trust Corp now owns 1,295,149 shares of the company's stock worth $781,000 after acquiring an additional 76,320 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Stem in the fourth quarter worth $480,000. Hedge funds and other institutional investors own 61.63% of the company's stock.

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.