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

Stem, Inc. (NYSE:STEM) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Six 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 issued a report on the stock in the last year is $1.38.

A number of equities research analysts have commented on STEM shares. Barclays lowered their target price on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. Piper Sandler decreased their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. UBS Group cut their target price on shares of Stem from $1.00 to $0.60 and set a “buy” rating for the company in a research note on Friday, November 8th. Susquehanna lifted their price target on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Hedge Funds Weigh In On Stem

A number of hedge funds have recently made changes to their positions in STEM. Virtu Financial LLC acquired a new stake in Stem in the 3rd quarter valued at $25,000. Aries Wealth Management boosted its position in shares of Stem by 100.0% in the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after buying an additional 25,000 shares during the period. Creative Planning grew its stake in shares of Stem by 177.1% in the third quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after buying an additional 78,940 shares in the last quarter. Barclays PLC boosted its holdings in Stem by 213.1% in the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after acquiring an additional 160,165 shares during the period. Finally, SCP Investment LP grew its position in Stem by 36.9% in the third quarter. SCP Investment LP now owns 370,888 shares of the company’s stock valued at $129,000 after acquiring an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Price Performance

Shares of NYSE STEM opened at $0.49 on Thursday. The firm’s 50-day moving average is $0.60 and its two-hundred day moving average is $0.54. Stem has a 12-month low of $0.30 and a 12-month high of $3.46. The company has a market capitalization of $79.03 million, a PE ratio of -0.09 and a beta of 1.43.

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.