Susquehanna Cuts Stem (NYSE:STEM) Price Target to $10.00

Stem (NYSE:STEM) had its target price decreased by investment analysts at Susquehanna from $21.00 to $10.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target suggests a potential upside of 5.15% from the company’s current price.

Several other research firms have also recently issued reports on STEM. UBS Group reiterated a “neutral” rating and set a $12.00 target price (down from $18.00) on shares of Stem in a research report on Tuesday, March 10th. Wall Street Zen cut Stem from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings upgraded Stem from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Stem currently has a consensus rating of “Reduce” and a consensus price target of $15.75.

Stem Price Performance

Shares of STEM stock traded down $0.17 on Thursday, hitting $9.51. 19,090 shares of the stock traded hands, compared to its average volume of 206,704. The firm has a market cap of $81.03 million, a price-to-earnings ratio of -1.01 and a beta of 1.40. Stem has a 52 week low of $5.81 and a 52 week high of $32.23. The firm has a 50 day simple moving average of $11.05 and a two-hundred day simple moving average of $16.18.

Stem (NYSE:STEM) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($1.85) EPS for the quarter, beating the consensus estimate of ($1.96) by $0.11. The firm had revenue of $47.14 million for the quarter, compared to the consensus estimate of $39.05 million. Sell-side analysts forecast that Stem will post -0.52 EPS for the current year.

Insider Buying and Selling

In related news, CEO Arun Narayanan sold 5,145 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $11.12, for a total transaction of $57,212.40. Following the completion of the transaction, the chief executive officer directly owned 12,980 shares of the company’s stock, valued at approximately $144,337.60. This represents a 28.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 10,366 shares of company stock worth $114,190 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stem

Institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. bought a new stake in shares of Stem in the 4th quarter valued at approximately $177,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Stem in the 4th quarter valued at approximately $190,000. Wells Fargo & Company MN lifted its stake in shares of Stem by 89.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,646 shares of the company’s stock valued at $175,000 after purchasing an additional 5,492 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Stem in the 4th quarter valued at approximately $169,000. Finally, IFP Advisors Inc lifted its stake in shares of Stem by 258.1% in the 3rd quarter. IFP Advisors Inc now owns 1,479 shares of the company’s stock valued at $26,000 after purchasing an additional 1,066 shares during the last quarter. 61.63% of the stock is owned by institutional investors.

Stem Company Profile

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.