Stem, Inc. (NYSE:STEM) Receives Consensus Rating of “Hold” from Analysts

Shares of Stem, Inc. (NYSE:STEM) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.96.

A number of analysts have recently weighed in on STEM shares. Piper Sandler lowered their price objective on Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Susquehanna cut their price objective on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. BMO Capital Markets lowered their target price on shares of Stem from $4.00 to $3.25 and set a “market perform” rating for the company in a research note on Thursday, February 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $2.50 target price (down previously from $5.50) on shares of Stem in a research report on Friday, March 22nd. Finally, TD Cowen lowered their price objective on shares of Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th.

Insider Buying and Selling at Stem

In other news, insider Saul R. Laureles sold 10,959 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $3.17, for a total value of $34,740.03. Following the sale, the insider now owns 80,003 shares in the company, valued at $253,609.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Saul R. Laureles sold 10,959 shares of Stem stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $34,740.03. Following the completion of the transaction, the insider now directly owns 80,003 shares of the company’s stock, valued at approximately $253,609.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Schaefer sold 100,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $1.82, for a total transaction of $182,000.00. Following the sale, the insider now directly owns 716,110 shares in the company, valued at $1,303,320.20. The disclosure for this sale can be found here. In the last quarter, insiders purchased 130,418 shares of company stock worth $238,045 and sold 515,950 shares worth $1,188,252. Company insiders own 9.12% of the company’s stock.

Institutional Investors Weigh In On Stem

Large investors have recently modified their holdings of the business. Quadrature Capital Ltd grew its stake in Stem by 289.5% during the 3rd quarter. Quadrature Capital Ltd now owns 51,895 shares of the company’s stock valued at $220,000 after acquiring an additional 38,570 shares in the last quarter. Lido Advisors LLC acquired a new stake in shares of Stem in the third quarter valued at approximately $4,561,000. DNB Asset Management AS lifted its position in Stem by 63.7% during the fourth quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock worth $491,000 after buying an additional 49,256 shares in the last quarter. Deutsche Bank AG grew its holdings in Stem by 3.8% in the 3rd quarter. Deutsche Bank AG now owns 605,722 shares of the company’s stock valued at $2,568,000 after buying an additional 22,222 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Stem in the 4th quarter worth $209,000. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Stock Performance

STEM stock opened at $1.60 on Friday. Stem has a one year low of $1.53 and a one year high of $7.79. The firm has a market cap of $251.64 million, a price-to-earnings ratio of -1.25 and a beta of 1.88. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.88. The firm has a 50-day simple moving average of $2.28 and a two-hundred day simple moving average of $3.00.

Stem (NYSE:STEM) last posted its earnings results on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). Stem had a negative net margin of 30.42% and a negative return on equity of 27.71%. The firm had revenue of $167.42 million for the quarter, compared to analysts’ expectations of $254.23 million. On average, equities analysts forecast that Stem will post -0.51 EPS for the current fiscal year.

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.