Stem, Inc. (NYSE:STEM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Stem, Inc. (NYSE:STEM) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1.67.

Several research analysts have recently weighed in on STEM shares. TD Cowen cut shares of Stem from a “buy” rating to a “hold” rating and decreased their price target for the stock from $4.00 to $1.00 in a report on Wednesday, August 7th. UBS Group lowered their price target on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group cut their price objective on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a report on Friday, November 1st. Barclays decreased their price objective on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. Finally, Piper Sandler dropped their target price on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research report on Friday, November 22nd.

Stem Stock Performance

Stem stock opened at $0.39 on Friday. The firm’s 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.80. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. Stem has a 1-year low of $0.30 and a 1-year high of $4.30. The firm has a market capitalization of $63.83 million, a PE ratio of -0.08 and a beta of 1.65.

Hedge Funds Weigh In On Stem

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC purchased a new stake in Stem during the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC boosted its stake in shares of Stem by 2,416.1% during the second quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock valued at $32,000 after purchasing an additional 27,374 shares during the period. SG Americas Securities LLC grew its holdings in shares of Stem by 73.9% in the second quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock worth $37,000 after purchasing an additional 14,307 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Stem in the third quarter worth $25,000. Finally, Cetera Advisors LLC bought a new stake in Stem during the 1st quarter valued at $179,000. Institutional investors own 61.63% of the company’s stock.

Stem Company Profile

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.