Stem, Inc. (NYSE:STEM) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Stem, Inc. (NYSE:STEM – Get Free Report) have earned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.45.

STEM has been the subject of a number of analyst reports. Roth Capital restated a “neutral” rating and issued a $6.75 price objective on shares of Stem in a research report on Monday, August 17th. Barclays decreased their target price on shares of Stem from $18.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Wall Street Zen upgraded shares of Stem from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Susquehanna cut their price target on shares of Stem from $10.00 to $7.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, UBS Group upgraded shares of Stem from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Friday, September 25th.

Get Our Latest Stock Report on STEM

Institutional Investors Weigh In On Stem

Several large investors have recently added to or reduced their stakes in STEM. Renaissance Technologies LLC grew its position in Stem by 423.0% during the first quarter. Renaissance Technologies LLC now owns 58,575 shares of the company’s stock worth $518,000 after buying an additional 47,375 shares in the last quarter. Hsbc Holdings PLC increased its stake in Stem by 48.1% in the 4th quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock worth $434,000 after acquiring an additional 9,233 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Stem by 8.8% in the 1st quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock valued at $249,000 after acquiring an additional 2,275 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Stem in the 2nd quarter valued at about $99,000. Institutional investors own 61.63% of the company’s stock.

Key Headlines Impacting Stem

Here are the key news stories impacting Stem this week:

Stem Stock Performance

Shares of STEM opened at $4.16 on Friday. Stem has a 52-week low of $3.70 and a 52-week high of $32.23. The stock’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $7.35. The stock has a market capitalization of $40.08 million, a price-to-earnings ratio of -0.49 and a beta of 1.58.

Stem (NYSE:STEM – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($1.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.75) by $0.17. The company had revenue of $33.65 million for the quarter, compared to analysts’ expectations of $36.65 million. On average, research analysts forecast that Stem will post -7.04 earnings per share for the current fiscal year.

About Stem

(Get Free Report)

Stem, Inc is a clean-energy technology company that provides software and services for managing renewable energy and energy storage assets. Its platform is designed to help commercial, industrial and utility customers optimize electricity use, coordinate battery storage, and improve the performance of solar and other distributed energy resources.

The company’s offerings have included Athena, an artificial-intelligence-driven energy optimization platform, as well as software for monitoring, managing and reporting on renewable energy assets.

See Also

Analyst Recommendations for Stem (NYSE:STEM)

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