Stem, Inc. to Post FY2024 Earnings of ($0.52) Per Share, Marathon Capitl Forecasts (NYSE:STEM)

Stem, Inc. (NYSE:STEM) – Investment analysts at Marathon Capitl issued their FY2024 earnings estimates for shares of Stem in a research report issued to clients and investors on Thursday, May 2nd. Marathon Capitl analyst A. Kania expects that the company will post earnings of ($0.52) per share for the year. The consensus estimate for Stem’s current full-year earnings is ($0.51) per share. Marathon Capitl also issued estimates for Stem’s FY2025 earnings at ($0.53) EPS, FY2026 earnings at ($0.47) EPS, FY2027 earnings at ($0.40) EPS and FY2028 earnings at ($0.34) EPS.

STEM has been the subject of a number of other research reports. BMO Capital Markets dropped their price objective on shares of Stem from $2.50 to $1.85 and set a “market perform” rating for the company in a report on Friday. Evercore ISI dropped their price objective on shares of Stem from $13.00 to $9.00 and set an “outperform” rating for the company in a report on Friday. The Goldman Sachs Group dropped their price objective on shares of Stem from $2.50 to $2.00 and set a “neutral” rating for the company in a report on Monday. TD Cowen lowered their price target on shares of Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Finally, Piper Sandler lowered their price target on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.20.

Stem Trading Up 2.6 %

Shares of STEM stock opened at $1.40 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.88. The stock has a market capitalization of $220.09 million, a P/E ratio of -0.97 and a beta of 1.91. The company has a 50 day moving average price of $1.98 and a 200 day moving average price of $2.82. Stem has a fifty-two week low of $1.36 and a fifty-two week high of $7.79.

Stem (NYSE:STEM) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The company had revenue of $25.50 million during the quarter, compared to analysts’ expectations of $66.67 million. Stem had a negative net margin of 40.03% and a negative return on equity of 34.37%. Stem’s revenue was down 61.9% on a year-over-year basis. During the same period last year, the firm posted ($0.29) earnings per share.

Institutional Trading of Stem

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Stem by 7.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 646,918 shares of the company’s stock worth $2,743,000 after buying an additional 43,859 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Stem by 16.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,187 shares of the company’s stock worth $149,000 after buying an additional 4,924 shares during the last quarter. SCP Investment LP raised its position in Stem by 303.9% during the 3rd quarter. SCP Investment LP now owns 164,800 shares of the company’s stock worth $699,000 after buying an additional 124,000 shares during the last quarter. Olympiad Research LP purchased a new position in Stem during the 3rd quarter worth $305,000. Finally, Principal Financial Group Inc. raised its position in Stem by 39.3% during the 3rd quarter. Principal Financial Group Inc. now owns 21,067 shares of the company’s stock worth $89,000 after buying an additional 5,941 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Insider Transactions at Stem

In other news, COO Michael James Carlson sold 9,952 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $31,547.84. Following the completion of the sale, the chief operating officer now owns 20,367 shares in the company, valued at approximately $64,563.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Saul R. Laureles sold 10,959 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $3.17, for a total value of $34,740.03. Following the completion of the sale, the insider now owns 80,003 shares in the company, valued at approximately $253,609.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Michael James Carlson sold 9,952 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $3.17, for a total transaction of $31,547.84. Following the completion of the sale, the chief operating officer now owns 20,367 shares of the company’s stock, valued at approximately $64,563.39. The disclosure for this sale can be found here. In the last quarter, insiders purchased 130,418 shares of company stock worth $238,045 and sold 578,097 shares worth $1,291,013. Insiders own 10.17% 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.