Stem, Inc. (NYSE:STEM) Receives $12.14 Average PT from Brokerages

Shares of Stem, Inc. (NYSE:STEM) have earned an average recommendation of “Reduce” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.1429.

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Stem in a report on Wednesday, October 8th. Susquehanna raised their target price on shares of Stem from $12.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. UBS Group upped their price target on shares of Stem from $8.60 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Finally, Barclays set a $13.00 target price on shares of Stem and gave the company an “equal weight” rating in a research note on Monday, August 11th.

Stem Stock Performance

NYSE STEM opened at $22.45 on Friday. The company has a market capitalization of $188.35 million, a price-to-earnings ratio of -0.77 and a beta of 1.34. The stock has a 50-day moving average of $18.94 and a 200 day moving average of $13.29. Stem has a one year low of $5.81 and a one year high of $33.60.

Stem (NYSE:STEM) last posted its earnings results on Thursday, August 7th. The company reported ($3.73) EPS for the quarter, missing analysts’ consensus estimates of ($3.00) by ($0.73). The business had revenue of $38.40 million for the quarter, compared to analyst estimates of $32.18 million. Stem has set its FY 2025 guidance at EPS. On average, equities analysts predict that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Trading of Stem

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bridgeway Capital Management LLC purchased a new stake in Stem in the 2nd quarter worth $97,000. Marshall Wace LLP bought a new stake in shares of Stem in the second quarter worth about $187,000. Electron Capital Partners LLC lifted its position in shares of Stem by 24.7% in the first quarter. Electron Capital Partners LLC now owns 163,390 shares of the company’s stock worth $57,000 after buying an additional 32,313 shares in the last quarter. Nomura Holdings Inc. lifted its position in shares of Stem by 24.1% in the first quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock worth $80,000 after buying an additional 44,433 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Stem by 5.6% during the first quarter. Hsbc Holdings PLC now owns 873,282 shares of the company’s stock valued at $307,000 after buying an additional 46,573 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

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.