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

Stem, Inc. (NYSE:STEM) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $1.86.

A number of research analysts have weighed in on the company. TD Cowen downgraded Stem from a “buy” rating to a “hold” rating and decreased their price target for the company from $4.00 to $1.00 in a research note on Wednesday, August 7th. Susquehanna increased their price target on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Evercore ISI dropped their target price on shares of Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. UBS Group reduced their price target on Stem from $1.00 to $0.60 and set a “buy” rating for the company in a report on Friday. Finally, 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 research report on Friday, November 1st.

Hedge Funds Weigh In On Stem

Institutional investors have recently modified their holdings of the business. SIR Capital Management L.P. increased its holdings in Stem by 327.0% in the second quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock valued at $1,752,000 after purchasing an additional 1,208,875 shares during the period. AQR Capital Management LLC increased its stake in shares of Stem by 5,770.4% in the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock valued at $863,000 after buying an additional 764,401 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Stem by 181.1% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock valued at $950,000 after acquiring an additional 551,492 shares during the last quarter. Squarepoint Ops LLC increased its position in Stem by 4,330.5% during the 2nd quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock valued at $545,000 after purchasing an additional 480,163 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Stem during the 2nd quarter worth approximately $405,000. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Trading Up 3.4 %

NYSE:STEM opened at $0.36 on Tuesday. The company has a market cap of $58.92 million, a P/E ratio of -0.07 and a beta of 1.65. Stem has a twelve month low of $0.30 and a twelve month high of $4.30. The business has a 50 day moving average price of $0.45 and a two-hundred day moving average price of $0.91. The company has a quick ratio of 1.51, a current ratio of 1.10 and a debt-to-equity ratio of 1.41.

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.