Roth Mkm Increases Stem (NYSE:STEM) Price Target to $0.40

Stem (NYSE:STEM) had its target price lifted by equities researchers at Roth Mkm from $0.35 to $0.40 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s price objective would indicate a potential downside of 17.01% from the company’s current price.

A number of other research firms also recently weighed in on STEM. Piper Sandler dropped their price target on shares of 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 dropped their price target on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, BMO Capital Markets decreased their price objective on 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1.11.

Stem Trading Up 4.8 %

Shares of NYSE STEM traded up $0.02 during mid-day trading on Wednesday, reaching $0.48. The company had a trading volume of 3,763,606 shares, compared to its average volume of 13,525,520. The company has a 50-day moving average price of $0.64 and a two-hundred day moving average price of $0.51. The stock has a market cap of $78.45 million, a PE ratio of -0.09 and a beta of 1.43. Stem has a 1-year low of $0.30 and a 1-year high of $2.34.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Stem by 213.1% during the third quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after buying an additional 160,165 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Stem by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock worth $1,255,000 after purchasing an additional 166,002 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Stem by 77.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after buying an additional 1,047,825 shares during the last quarter. Creative Planning increased its position in shares of 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 acquiring an additional 78,940 shares in the last quarter. Finally, Aries Wealth Management grew its stake 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 purchasing an additional 25,000 shares during the period. 61.63% of the stock is currently owned by institutional investors.

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.