Stem (NYSE:STEM) Given New $0.65 Price Target at UBS Group

Stem (NYSE:STEM) had its target price lifted by equities research analysts at UBS Group from $0.60 to $0.65 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 46.73% from the company’s current price.

Several other research firms have also recently weighed in on STEM. Piper Sandler cut their price target on shares of Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Roth Mkm lifted their price target on shares of Stem from $0.35 to $0.40 and gave the company a “neutral” rating in a report on Wednesday. Finally, BMO Capital Markets cut their price target on shares of Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stem currently has a consensus rating of “Hold” and an average price target of $1.11.

Stem Stock Performance

STEM stock opened at $0.44 on Friday. The company has a market capitalization of $72.10 million, a PE ratio of -0.09 and a beta of 1.49. Stem has a one year low of $0.30 and a one year high of $2.28. The company’s 50 day moving average price is $0.65 and its two-hundred day moving average price is $0.51.

Stem (NYSE:STEM) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The company had revenue of $55.83 million for the quarter, compared to the consensus estimate of $47.89 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. On average, research analysts predict that Stem will post -0.52 EPS for the current year.

Institutional Trading of Stem

Hedge funds have recently modified their holdings of the business. Aries Wealth Management boosted its holdings in shares of Stem by 100.0% during the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after buying an additional 25,000 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Stem during the 3rd quarter valued at $25,000. Balyasny Asset Management L.P. boosted its holdings in shares of Stem by 569.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company’s stock valued at $73,000 after buying an additional 103,254 shares in the last quarter. Creative Planning boosted its holdings in shares of Stem by 177.1% during the 3rd 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. Finally, Bank of America Corp DE boosted its holdings in shares of Stem by 25.3% during the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company’s stock valued at $111,000 after buying an additional 37,115 shares in the last quarter. 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.