Stem (NYSE:STEM) Price Target Raised to $0.40 at Roth Mkm

Stem (NYSE:STEM) had its price target lifted by Roth Mkm from $0.35 to $0.40 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently commented on the stock. Piper Sandler lowered their target price 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. BMO Capital Markets lowered their price objective on shares of Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research report on Wednesday. Finally, UBS Group reduced their target price on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stem has an average rating of “Hold” and an average target price of $1.11.

Stem Stock Up 13.3 %

NYSE:STEM opened at $0.52 on Wednesday. The stock’s fifty day simple moving average is $0.65 and its 200-day simple moving average is $0.51. The firm has a market capitalization of $84.79 million, a P/E ratio of -0.10 and a beta of 1.43. Stem has a 12-month low of $0.30 and a 12-month high of $2.34.

Stem (NYSE:STEM) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. The company had revenue of $55.83 million during the quarter, compared to analyst estimates of $47.89 million. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. During the same period in the previous year, the company earned ($0.21) EPS. As a group, equities research analysts expect that Stem will post -0.52 earnings per share for the current year.

Institutional Trading of Stem

Hedge funds and other institutional investors have recently modified their holdings of the company. Aries Wealth Management grew its holdings in shares of Stem by 100.0% during the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock worth $30,000 after buying an additional 25,000 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Stem by 25.3% during the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company’s stock worth $111,000 after acquiring an additional 37,115 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Stem by 8.7% in the fourth quarter. Wells Fargo & Company MN now owns 678,685 shares of the company’s stock valued at $409,000 after purchasing an additional 54,194 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Stem in the third quarter worth $25,000. Finally, Northern Trust Corp boosted its holdings in Stem by 6.3% during the fourth quarter. Northern Trust Corp now owns 1,295,149 shares of the company’s stock worth $781,000 after purchasing an additional 76,320 shares during the last quarter. Institutional investors and hedge funds 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.