Stem (NYSE:STEM) Price Target Raised to $0.65

Stem (NYSE:STEM) had its price objective increased by UBS Group from $0.60 to $0.65 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on STEM. Roth Mkm lifted their target price on Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Piper Sandler lowered their target price on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets lowered their target price on Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Stem currently has a consensus rating of “Hold” and a consensus target price of $1.11.

Stem Stock Up 0.7 %

Shares of NYSE STEM opened at $0.44 on Friday. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $2.28. The firm’s 50-day simple moving average is $0.65 and its 200 day simple moving average is $0.51. The stock has a market cap of $72.10 million, a P/E ratio of -0.09 and a beta of 1.49.

Stem (NYSE:STEM) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The business had revenue of $55.83 million for the quarter, compared to analysts’ expectations of $47.89 million. During the same period in the previous year, the business earned ($0.21) earnings per share. On average, sell-side analysts anticipate that Stem will post -0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stem

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Stem by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock worth $1,255,000 after purchasing an additional 166,002 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Stem by 77.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after purchasing an additional 1,047,825 shares in the last quarter. Northern Trust Corp increased its stake in Stem by 6.3% in the 4th quarter. Northern Trust Corp now owns 1,295,149 shares of the company’s stock worth $781,000 after purchasing an additional 76,320 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Stem in the 4th quarter worth about $480,000. Finally, Wells Fargo & Company MN increased its stake in Stem by 8.7% in the 4th 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. 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.