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

Shares of Stem, Inc. (NYSE:STEM) have been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $5.96.

Several analysts recently weighed in on STEM shares. The Goldman Sachs Group restated a “neutral” rating and issued a $2.50 price target (down previously from $5.50) on shares of Stem in a research note on Friday, March 22nd. Susquehanna lowered their price target on Stem from $5.50 to $4.00 and set a “positive” rating for the company in a research report on Thursday, February 29th. TD Cowen cut their price objective on shares of Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Piper Sandler reduced their price objective on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Finally, BMO Capital Markets dropped their target price on shares of Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a research note on Thursday, February 29th.

Stem Stock Performance

STEM opened at $1.66 on Friday. Stem has a one year low of $1.46 and a one year high of $7.79. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 1.23. The business has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $2.92.

Stem (NYSE:STEM) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. The firm had revenue of $167.42 million during the quarter, compared to the consensus estimate of $254.23 million. As a group, equities research analysts anticipate that Stem will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Stem

In other news, CFO William John Bush sold 20,367 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $3.17, for a total value of $64,563.39. Following the transaction, the chief financial officer now owns 276,814 shares of the company’s stock, valued at $877,500.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO William John Bush sold 20,367 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $3.17, for a total value of $64,563.39. Following the completion of the sale, the chief financial officer now directly owns 276,814 shares of the company’s stock, valued at $877,500.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Saul R. Laureles sold 9,893 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $3.23, for a total transaction of $31,954.39. Following the sale, the insider now owns 56,226 shares in the company, valued at $181,609.98. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 130,418 shares of company stock valued at $238,045 and sold 515,950 shares valued at $1,188,252. 9.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stem

Hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group lifted its holdings in Stem by 3.3% in the 4th quarter. Schroder Investment Management Group now owns 11,431,320 shares of the company’s stock worth $44,354,000 after purchasing an additional 360,232 shares in the last quarter. BNP Paribas Asset Management Holding S.A. lifted its holdings in shares of Stem by 4.7% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 6,637,625 shares of the company’s stock worth $25,754,000 after buying an additional 296,291 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Stem by 106.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,341,334 shares of the company’s stock worth $26,887,000 after acquiring an additional 3,271,193 shares during the last quarter. Electron Capital Partners LLC grew its stake in Stem by 62.2% during the third quarter. Electron Capital Partners LLC now owns 4,978,739 shares of the company’s stock valued at $21,110,000 after acquiring an additional 1,909,478 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its holdings in Stem by 34.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 3,888,612 shares of the company’s stock valued at $16,488,000 after acquiring an additional 1,000,000 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.

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.