Stem, Inc. (NYSE:STEM) Receives $1.38 Average PT from Analysts

Shares of Stem, Inc. (NYSE:STEM) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $1.38.

STEM has been the topic of several research analyst reports. Piper Sandler dropped their price target on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group decreased their target price on Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, UBS Group cut their price target on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in shares of Stem during the 3rd quarter valued at approximately $25,000. Aries Wealth Management grew its position in Stem by 100.0% during the fourth 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 during the period. Creative Planning grew its position in Stem by 177.1% during 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 during the period. Balyasny Asset Management L.P. increased its holdings in Stem by 569.6% in the fourth 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. Finally, Barclays PLC raised its position in shares of Stem by 213.1% in the third 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. 61.63% of the stock is owned by institutional investors and hedge funds.

Stem Price Performance

Shares of STEM opened at $0.65 on Thursday. The company’s fifty day moving average price is $0.62 and its 200-day moving average price is $0.52. Stem has a 1-year low of $0.30 and a 1-year high of $3.10. The firm has a market capitalization of $105.30 million, a PE ratio of -0.12 and a beta of 1.43.

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.