Stem (NYSE:STEM - Get Free Report) had its target price hoisted by analysts at UBS Group from $8.60 to $16.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 5.42% from the company's current price.
Other equities research analysts have also recently issued reports about the company. Susquehanna lifted their price objective on Stem from $8.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Barclays set a $13.00 target price on shares of Stem and gave the stock an "equal weight" rating in a report on Monday, August 11th. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.86.
Check Out Our Latest Report on STEM
Stem Price Performance
Shares of STEM stock opened at $15.1780 on Friday. The stock's fifty day simple moving average is $11.24 and its 200 day simple moving average is $9.97. Stem has a one year low of $5.81 and a one year high of $33.60. The firm has a market cap of $126.89 million, a price-to-earnings ratio of -0.53 and a beta of 1.31.
Stem (NYSE:STEM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($3.73) EPS for the quarter, missing analysts' consensus estimates of ($3.00) by ($0.73). The business 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, research analysts anticipate that Stem will post -0.52 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC bought a new position in shares of Stem in the second quarter worth $97,000. Marshall Wace LLP acquired a new stake in shares of Stem during the 2nd quarter worth approximately $187,000. Cerity Partners LLC acquired a new position in Stem during the first quarter valued at approximately $29,000. CWM LLC increased its stake in shares of 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 purchasing an additional 68,386 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of 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 buying an additional 103,254 shares during the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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