Stem, Inc. (NYSE:STEM) Given Consensus Rating of “Hold” by Brokerages

Shares of Stem, Inc. (NYSE:STEM) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $2.71.

A number of research firms have weighed in on STEM. The Goldman Sachs Group reduced their target price on shares of Stem from $1.40 to $0.75 and set a “neutral” rating on the stock in a report on Thursday, August 8th. UBS Group decreased their price objective on Stem from $2.50 to $1.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen downgraded Stem from a “buy” rating to a “hold” rating and cut their target price for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. Susquehanna cut Stem from a “positive” rating to a “neutral” rating and decreased their price target for the company from $2.00 to $0.50 in a research note on Friday, August 9th. Finally, Evercore ISI cut their price objective on Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th.

Institutional Trading of Stem

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Stem during the second quarter valued at approximately $405,000. AQR Capital Management LLC increased its stake in Stem by 5,770.4% during the 2nd quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock valued at $863,000 after purchasing an additional 764,401 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Stem by 4,330.5% during the second quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock worth $545,000 after buying an additional 480,163 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Stem by 7.4% in the second quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock valued at $1,133,000 after buying an additional 71,956 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Stem during the second quarter worth about $30,000. 61.63% of the stock is owned by institutional investors.

Stem Trading Up 8.1 %

NYSE STEM opened at $0.49 on Friday. The company has a market cap of $80.34 million, a price-to-earnings ratio of -0.34 and a beta of 1.68. Stem has a twelve month low of $0.30 and a twelve month high of $4.30. The company has a quick ratio of 1.51, a current ratio of 1.66 and a debt-to-equity ratio of 1.41. The business’s fifty day moving average is $0.51 and its 200 day moving average is $1.12.

Stem (NYSE:STEM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. Stem had a negative return on equity of 63.98% and a negative net margin of 213.33%. The firm had revenue of $34.00 million for the quarter, compared to analyst estimates of $64.06 million. During the same period last year, the firm posted ($0.56) earnings per share. The business’s revenue for the quarter was down 63.4% on a year-over-year basis. As a group, sell-side analysts expect that Stem will post -0.66 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.