Stem (NYSE:STEM) PT Lowered to $9.00

Stem (NYSE:STEM) had its price target cut by stock analysts at Evercore ISI from $13.00 to $9.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock.

Other equities analysts also recently issued reports about the stock. Piper Sandler dropped their price target on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Susquehanna cut their price objective on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a research report on Thursday, February 29th. TD Cowen dropped their price target on shares of Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. BMO Capital Markets reduced their target price on Stem from $4.00 to $3.25 and set a “market perform” rating for the company in a report on Thursday, February 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price objective (down from $5.50) on shares of Stem in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.23.

Stem Price Performance

Shares of STEM traded down $0.54 during mid-day trading on Friday, hitting $1.37. The company’s stock had a trading volume of 16,185,689 shares, compared to its average volume of 4,743,360. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 1.78. The firm has a 50-day moving average price of $2.00 and a 200 day moving average price of $2.85. Stem has a fifty-two week low of $1.36 and a fifty-two week high of $7.79. The stock has a market capitalization of $215.36 million, a price-to-earnings ratio of -1.14 and a beta of 1.91.

Stem (NYSE:STEM) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. The firm had revenue of $25.50 million during the quarter, compared to analyst estimates of $66.67 million. During the same period in the prior year, the business posted ($0.29) EPS. The company’s revenue for the quarter was down 61.9% on a year-over-year basis. On average, research analysts predict that Stem will post -0.51 EPS for the current fiscal year.

Insider Activity

In other news, CRO Alan Russo sold 24,142 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total value of $45,145.54. Following the transaction, the executive now owns 212,910 shares of the company’s stock, valued at approximately $398,141.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Alan Russo sold 24,142 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $45,145.54. Following the completion of the transaction, the executive now directly owns 212,910 shares in the company, valued at approximately $398,141.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Saul R. Laureles sold 10,959 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $3.17, for a total transaction of $34,740.03. Following the sale, the insider now owns 80,003 shares in the company, valued at $253,609.51. The disclosure for this sale can be found here. In the last ninety days, insiders bought 130,418 shares of company stock valued at $238,045 and sold 578,097 shares valued at $1,291,013. Insiders own 10.17% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STEM. New York State Common Retirement Fund increased its position in Stem by 6.9% during the fourth quarter. New York State Common Retirement Fund now owns 59,491 shares of the company’s stock worth $231,000 after buying an additional 3,855 shares during the last quarter. Victory Capital Management Inc. raised its stake in Stem by 25.4% in the 4th quarter. Victory Capital Management Inc. now owns 19,536 shares of the company’s stock valued at $76,000 after acquiring an additional 3,955 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Stem by 16.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,187 shares of the company’s stock worth $149,000 after acquiring an additional 4,924 shares during the last quarter. Swiss National Bank grew its position in shares of Stem by 1.6% in the third quarter. Swiss National Bank now owns 324,800 shares of the company’s stock valued at $1,377,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings 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 purchasing an additional 5,941 shares during the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

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.