Stem, Inc. (NYSE:STEM) Given Average Recommendation of “Hold” by Brokerages

Shares of Stem, Inc. (NYSE:STEM) have earned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.96.

A number of brokerages have recently weighed in on STEM. TD Cowen dropped their target price on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. BMO Capital Markets dropped their target price on Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a report on Thursday, February 29th. Susquehanna dropped their target price on Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price objective (down previously from $5.50) on shares of Stem in a research report on Friday, March 22nd. Finally, Piper Sandler decreased their price objective on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, April 11th.

Stem Price Performance

NYSE STEM opened at $1.70 on Friday. The stock’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $2.94. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23. The company has a market cap of $268.21 million, a PE ratio of -1.33 and a beta of 1.88. Stem has a 1 year low of $1.46 and a 1 year high of $7.79.

Stem (NYSE:STEM) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The company had revenue of $167.42 million for the quarter, compared to analyst estimates of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. On average, analysts predict that Stem will post -0.51 EPS for the current year.

Insider Transactions at Stem

In other news, insider Saul R. Laureles sold 10,959 shares of Stem stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $3.17, for a total value of $34,740.03. Following the transaction, the insider now directly owns 80,003 shares in the company, valued at $253,609.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David S. Buzby purchased 33,800 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were purchased at an average cost of $1.81 per share, for a total transaction of $61,178.00. Following the completion of the purchase, the director now directly owns 768,448 shares of the company’s stock, valued at approximately $1,390,890.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Saul R. Laureles sold 10,959 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $3.17, for a total value of $34,740.03. Following the transaction, the insider now owns 80,003 shares in the company, valued at $253,609.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 130,418 shares of company stock worth $238,045 and have sold 515,950 shares worth $1,188,252. 9.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stem

A number of institutional investors have recently added to or reduced their stakes in STEM. abrdn plc acquired a new stake in Stem during the fourth quarter valued at approximately $40,000. Neuberger Berman Group LLC acquired a new stake in Stem during the fourth quarter valued at approximately $41,000. Brave Asset Management Inc. acquired a new stake in Stem during the third quarter valued at approximately $50,000. Sequoia Financial Advisors LLC acquired a new stake in Stem during the third quarter valued at approximately $55,000. Finally, Horizon Family Wealth Inc. acquired a new stake in Stem during the third quarter valued at approximately $57,000. 61.63% of the stock is owned by institutional investors and hedge funds.

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.