Stem (NYSE:STEM) Stock Price Down 7% - Here's Why

Key Points

• Stem, Inc. shares fell by 7%, trading as low as $15.25, and with a significant decline in trading volume, down by 59% compared to its average.
• Analysts have set diverse target prices for Stem, with Barclays at $13.00 and Susquehanna raising theirs to $12.00, resulting in a current consensus target price of $10.43.
• In their latest quarterly earnings, Stem reported a loss of ($3.73) per share, missing estimates, although revenue exceeded expectations at $38.40 million.

Stem, Inc. (NYSE:STEM - Get Free Report) was down 7% during mid-day trading on Thursday . The company traded as low as $15.25 and last traded at $15.31. Approximately 223,328 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 543,671 shares. The stock had previously closed at $16.47.

Analyst Ratings Changes

A number of analysts recently issued reports on STEM shares. 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. Susquehanna upped their target price on Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Seven analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.43.

Stem Stock Performance

The business has a 50-day simple moving average of $11.24 and a two-hundred day simple moving average of $9.97. The company has a market capitalization of $127.99 million, a price-to-earnings ratio of -0.53 and a beta of 1.31.

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

Institutional Trading of Stem

Hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC acquired a new stake in Stem during the 2nd quarter worth approximately $97,000. Marshall Wace LLP acquired a new stake in Stem during the 2nd quarter worth approximately $187,000. Cerity Partners LLC acquired a new stake in Stem during the 1st quarter worth approximately $29,000. CWM LLC lifted its position in Stem by 317.7% during the 1st quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after acquiring an additional 68,386 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in Stem by 569.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock worth $73,000 after acquiring an additional 103,254 shares during the period. 61.63% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.