Stem, Inc. (STEM) – What Are Investment Firms Thinking About This Stock?

Stem, Inc. (NYSE:STEM) has earned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.54.

STEM has been the topic of a number of research reports. Wall Street Zen raised shares of Stem from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. BMO Capital Markets set a $5.00 price objective on Stem and gave the stock a “market perform” rating in a report on Wednesday, October 21st. Barclays dropped their target price on Stem from $18.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. UBS Group upgraded Stem from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Friday, September 25th. Finally, New Street Research set a $8.00 price target on Stem in a research report on Monday, July 27th.

Institutional Trading of Stem

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in Stem by 423.0% during the first quarter. Renaissance Technologies LLC now owns 58,575 shares of the company’s stock worth $518,000 after purchasing an additional 47,375 shares during the last quarter. Hsbc Holdings PLC grew its position in Stem by 48.1% in the fourth quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock valued at $434,000 after purchasing an additional 9,233 shares in the last quarter. Royal Bank of Canada increased its stake in Stem by 8.8% in the 1st quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock valued at $249,000 after buying an additional 2,275 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Stem in the 2nd quarter valued at $99,000. Institutional investors own 61.63% of the company’s stock.

Stem Price Performance

Stem stock opened at $2.38 on Wednesday. The company’s 50 day simple moving average is $4.23 and its 200 day simple moving average is $8.27. The firm has a market capitalization of $22.87 million, a price-to-earnings ratio of -0.28 and a beta of 1.68. Stem has a fifty-two week low of $2.15 and a fifty-two week high of $22.12.

Stem (NYSE:STEM) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($1.58) EPS for the quarter, beating analysts’ consensus estimates of ($1.75) by $0.17. The firm had revenue of $33.65 million during the quarter, compared to the consensus estimate of $36.65 million. As a group, analysts predict that Stem will post -7.04 EPS for the current fiscal year.

About Stem

Stem, Inc (NYSE: STEM) provides software and technology solutions for the clean energy industry. The company helps commercial, industrial, utility, and renewable energy customers manage energy storage systems, solar generation, and other distributed energy assets.

Stem’s platform uses artificial intelligence, data analytics, and automation to optimize battery charging and discharging, support electricity cost management, and participate in energy markets. Its offerings include the Athena software platform, which manages energy storage and renewable assets, as well as PowerTrack, a monitoring and asset-management solution for solar and clean energy portfolios.

The company also provides project development support, system integration, monitoring, and ongoing operations and maintenance services.