Stem, Inc. (NYSE:STEM - Free Report) shares are set to reverse split before the market opens on Monday, June 23rd. The 1-20 reverse split was announced on Wednesday, June 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 20th.
Stem Stock Down 8.1%
NYSE:STEM opened at $0.45 on Friday. The firm has a market capitalization of $74.03 million, a price-to-earnings ratio of -0.09 and a beta of 1.36. Stem has a twelve month low of $0.29 and a twelve month high of $1.68. The stock's 50 day moving average price is $0.47 and its two-hundred day moving average price is $0.50.
Stem (NYSE:STEM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.05. The firm had revenue of $32.51 million for the quarter, compared to the consensus estimate of $28.59 million. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. As a group, analysts anticipate that Stem will post -0.52 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Susquehanna increased their price target on Stem from $0.40 to $0.60 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Roth Mkm upped their target price on Stem from $0.35 to $0.40 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. BMO Capital Markets cut their target price on Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a research note on Wednesday, March 5th. Finally, UBS Group reiterated a "neutral" rating on shares of Stem in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $1.11.
Check Out Our Latest Analysis on Stem
Hedge Funds Weigh In On Stem
Large investors have recently added to or reduced their stakes in the business. Cerity Partners LLC bought a new position in Stem in the 1st quarter valued at about $29,000. CWM LLC lifted its position in Stem by 317.7% in the 1st quarter. CWM LLC now owns 89,913 shares of the company's stock valued at $31,000 after acquiring an additional 68,386 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Stem by 569.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock valued at $73,000 after acquiring an additional 103,254 shares in the last quarter. Electron Capital Partners LLC lifted its position in Stem by 24.7% in the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock valued at $57,000 after acquiring an additional 32,313 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Stem by 25.3% in the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company's stock valued at $111,000 after acquiring an additional 37,115 shares in the last quarter. Institutional investors own 61.63% of the company's stock.
About Stem
(
Get Free Report)
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.
See Also
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