Stem, Inc. (NYSE:STEM) Receives Average Recommendation of “Hold” from Analysts

Stem, Inc. (NYSE:STEM) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1.38.

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. The Goldman Sachs Group lowered their price target on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a report on Friday, November 1st. Susquehanna boosted their price objective on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. UBS Group lowered their target price on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Piper Sandler cut their price target on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd.

Stem Trading Up 1.1 %

Stem stock opened at $0.71 on Friday. Stem has a 1-year low of $0.30 and a 1-year high of $3.58. The firm has a market capitalization of $114.90 million, a PE ratio of -0.14 and a beta of 1.43. The firm’s 50 day simple moving average is $0.51 and its 200 day simple moving average is $0.63.

Hedge Funds Weigh In On Stem

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC purchased a new stake in Stem during the second quarter valued at about $30,000. Virtu Financial LLC purchased a new stake in Stem during the 3rd quarter valued at about $25,000. Creative Planning grew its position in Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after acquiring an additional 78,940 shares during the last quarter. Barclays PLC increased its stake in Stem by 213.1% in the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after purchasing an additional 160,165 shares during the period. Finally, Rhumbline Advisers lifted its position in Stem by 8.8% in the second quarter. Rhumbline Advisers now owns 262,408 shares of the company’s stock valued at $291,000 after purchasing an additional 21,249 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.

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.