Analysts Set Stem, Inc. (NYSE:STEM) Target Price at $7.45

Stem, Inc. (NYSE:STEM) has been given an average rating of “Reduce” by the five brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.45.

A number of equities analysts recently weighed in on the stock. Barclays dropped their target price on shares of Stem from $18.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Roth Capital reissued a “neutral” rating and set a $6.75 price objective on shares of Stem in a research note on Monday, August 17th. Susquehanna cut their price objective on shares of Stem from $10.00 to $7.50 and set a “neutral” rating on the stock in a research report on Friday, July 10th. UBS Group reissued a “neutral” rating and issued a $7.00 price objective (down from $10.50) on shares of Stem in a research report on Friday, August 14th. Finally, New Street Research set a $8.00 price target on shares of Stem in a report on Monday, July 27th.

Hedge Funds Weigh In On Stem

A number of hedge funds have recently added to or reduced their stakes in STEM. Engineers Gate Manager LP bought a new stake in shares of Stem during the second quarter valued at approximately $99,000. Royal Bank of Canada grew its stake in Stem by 8.8% in the first quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock worth $249,000 after purchasing an additional 2,275 shares in the last quarter. Renaissance Technologies LLC grew its stake in Stem by 423.0% in 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 in the last quarter. Hsbc Holdings PLC increased its holdings in Stem by 48.1% during the 4th quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock worth $434,000 after purchasing an additional 9,233 shares during the period. Finally, Zweig DiMenna Associates LLC purchased a new position in Stem during the 4th quarter worth $125,000. 61.63% of the stock is currently owned by institutional investors.

Stem Trading Down 3.9%

Shares of STEM opened at $4.43 on Tuesday. The business’s 50 day moving average is $5.58 and its 200 day moving average is $7.97. The company has a market capitalization of $42.66 million, a PE ratio of -0.52 and a beta of 1.52. Stem has a 12-month low of $4.37 and a 12-month high of $32.23.

Stem (NYSE:STEM) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($1.58) earnings per share for the quarter, topping the consensus estimate of ($1.75) by $0.17. The business had revenue of $33.65 million during the quarter, compared to the consensus estimate of $36.65 million. Equities research analysts predict that Stem will post -7.04 earnings per share for the current year.

Stem News Roundup

Here are the key news stories impacting Stem this week:

• Positive Sentiment: Brokerages set a consensus price target of $7.45 for Stem, Inc. (STEM), substantially above the recent trading level. However, the target represents analysts’ expectations rather than a new contract, earnings improvement or other fundamental catalyst. Brokerages Set Stem, Inc. Target Price at $7.45
• Neutral Sentiment: Articles comparing Stem with BOX, Daily Journal and TeraWulf appear to be valuation and financial-profile surveys, not announcements of operational developments. They may increase investor attention but do not themselves establish a clear trading catalyst. Stem versus BOX Stem versus Daily Journal Stem versus TeraWulf
• Negative Sentiment: The absence of fresh company-specific news leaves investors focused on Stem’s weak financial backdrop. In its latest reported quarter, the company posted a sizable loss and revenue below consensus, while analysts expect a full-year loss. That backdrop may be outweighing the higher price target and contributing to continued selling pressure.
• Neutral Sentiment: The remaining links cover STEM education programs, science festivals, medical stem-cell studies and unrelated health-policy news. They do not appear connected to Stem, Inc.’s energy-storage software operations and are unlikely to materially affect STEM stock.

About Stem

Stem, Inc is a clean energy technology company that develops software and services for managing energy storage and other distributed energy assets. Its platform is designed to help commercial, industrial, utility and renewable-energy customers optimize how electricity is generated, stored, purchased and consumed.

The company’s offerings have included artificial intelligence-driven energy management software, battery storage optimization, monitoring and control tools, and services that support the deployment and operation of energy storage systems.