Stem (NYSE:STEM) Price Target Lowered to $0.60 at UBS Group

Stem (NYSE:STEM) had its target price trimmed by UBS Group from $1.00 to $0.60 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Barclays dropped their price objective on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating for the company in a report on Friday, October 18th. The Goldman Sachs Group reduced their target price on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a report on Friday, November 1st. TD Cowen lowered shares of Stem from a “buy” rating to a “hold” rating and lowered their price objective for the company from $4.00 to $1.00 in a research report on Wednesday, August 7th. Evercore ISI cut their target price on shares of Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Susquehanna lifted their target price on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1.86.

Stem Trading Up 3.4 %

Shares of STEM stock traded up $0.01 during trading hours on Friday, reaching $0.36. The company had a trading volume of 4,333,952 shares, compared to its average volume of 5,503,773. The company has a 50 day moving average of $0.45 and a 200 day moving average of $0.91. The firm has a market cap of $58.92 million, a price-to-earnings ratio of -0.07 and a beta of 1.65. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.10 and a quick ratio of 1.51. Stem has a 1-year low of $0.30 and a 1-year high of $4.30.

Stem (NYSE:STEM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.01. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The company had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $64.06 million. During the same quarter in the previous year, the firm posted ($0.56) earnings per share. Stem’s revenue for the quarter was down 63.4% on a year-over-year basis. On average, equities research analysts anticipate that Stem will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Stem

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SIR Capital Management L.P. increased its position in shares of Stem by 327.0% during the second quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock valued at $1,752,000 after acquiring an additional 1,208,875 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock valued at $863,000 after purchasing an additional 764,401 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Stem by 181.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock worth $950,000 after purchasing an additional 551,492 shares during the period. Squarepoint Ops LLC grew its holdings in Stem by 4,330.5% during the 2nd quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock worth $545,000 after acquiring an additional 480,163 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Stem in the 2nd quarter valued at $405,000. Institutional investors own 61.63% of the company’s stock.

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.