Stem, Inc. (NYSE:STEM) Receives $4.17 Average Target Price from Analysts

Shares of Stem, Inc. (NYSE:STEM) have received an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.17.

STEM has been the topic of several analyst reports. Evercore ISI dropped their price target on shares of Stem from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. BMO Capital Markets cut their price target on Stem from $2.50 to $1.85 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. The Goldman Sachs Group reduced their price target on Stem from $2.50 to $2.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Piper Sandler dropped their price target on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Finally, UBS Group cut their price target on shares of Stem from $5.00 to $2.50 and set a “buy” rating on the stock in a report on Wednesday, May 8th.

Stem Price Performance

Shares of NYSE STEM opened at $1.13 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.71 and a quick ratio of 1.61. Stem has a 1-year low of $0.99 and a 1-year high of $7.79. The company has a market capitalization of $181.86 million, a price-to-earnings ratio of -0.78 and a beta of 1.75. The business has a 50-day moving average of $1.29 and a 200-day moving average of $2.21.

Stem (NYSE:STEM) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The company had revenue of $25.50 million during the quarter, compared to analysts’ expectations of $66.67 million. Stem had a negative return on equity of 36.20% and a negative net margin of 40.03%. The firm’s revenue was down 61.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.29) EPS. On average, equities analysts anticipate that Stem will post -0.84 EPS for the current fiscal year.

Insider Buying and Selling at Stem

In related news, CRO Alan Russo sold 24,142 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $45,145.54. Following the completion of the transaction, the executive now directly owns 212,910 shares of the company’s stock, valued at approximately $398,141.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Prakesh Patel sold 23,863 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total transaction of $44,623.81. Following the transaction, the insider now owns 181,668 shares in the company, valued at $339,719.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Alan Russo sold 24,142 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $45,145.54. Following the completion of the sale, the executive now owns 212,910 shares of the company’s stock, valued at $398,141.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 267,599 shares of company stock worth $495,763. 10.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STEM. Quadrature Capital Ltd boosted its position in shares of 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 purchasing an additional 38,570 shares in the last quarter. Lido Advisors LLC acquired a new position in Stem in the third quarter worth approximately $4,561,000. DNB Asset Management AS grew its position in Stem by 63.7% in 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 during the last quarter. Virtu Financial LLC bought a new position in shares of Stem in the fourth quarter valued at $228,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Stem during the 4th quarter valued at $209,000. 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.