Stem (NYSE:STEM) Price Target Raised to $16.00 at UBS Group

Stem (NYSE:STEM) had its price target hoisted by UBS Group from $8.60 to $16.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Susquehanna boosted their price target on Stem from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Barclays set a $13.00 price target on Stem and gave the stock an “equal weight” rating in a report on Monday, August 11th. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, Stem has a consensus rating of “Hold” and a consensus target price of $10.86.

Stem Stock Performance

Stem stock opened at $16.7650 on Friday. Stem has a 52 week low of $5.81 and a 52 week high of $33.60. The stock has a market capitalization of $140.16 million, a P/E ratio of -0.58 and a beta of 1.31. The stock has a fifty day moving average of $11.40 and a 200-day moving average of $10.00.

Stem (NYSE:STEM) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($3.73) EPS for the quarter, missing analysts’ consensus estimates of ($3.00) by ($0.73). The firm had revenue of $38.40 million during the quarter, compared to the consensus estimate of $32.18 million. Stem has set its FY 2025 guidance at EPS. On average, research analysts forecast that Stem will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On Stem

A number of hedge funds and other institutional investors have recently bought and sold shares of STEM. AQR Capital Management LLC grew its position in Stem by 505.8% during the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock worth $519,000 after acquiring an additional 1,238,012 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Stem in the 4th quarter valued at about $480,000. Collar Capital Management LLC bought a new stake in shares of Stem in the 4th quarter valued at about $223,000. Canada Pension Plan Investment Board bought a new stake in shares of Stem in the 4th quarter valued at about $203,000. Finally, Deutsche Bank AG grew its position in shares of Stem by 102.9% in the 4th quarter. Deutsche Bank AG now owns 622,731 shares of the company’s stock valued at $374,000 after buying an additional 315,823 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.