Stem (NYSE:STEM) Given New $8.00 Price Target at Barclays

Stem (NYSE:STEM) had its price target decreased by equities research analysts at Barclays from $18.00 to $8.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 46.36% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Roth Capital reaffirmed a “neutral” rating and issued a $11.00 target price on shares of Stem in a research report on Thursday, May 7th. Susquehanna reduced their price objective on shares of Stem from $10.00 to $7.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Wall Street Zen downgraded Stem from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 9th. Weiss Ratings lowered Stem from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, UBS Group restated a “neutral” rating and issued a $10.50 price target (down from $12.00) on shares of Stem in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $9.25.

Stem Trading Down 0.4%

STEM opened at $5.47 on Monday. The firm’s fifty day simple moving average is $7.85 and its 200 day simple moving average is $10.69. The stock has a market capitalization of $48.98 million, a P/E ratio of -0.63 and a beta of 1.45. Stem has a 12 month low of $5.45 and a 12 month high of $32.23.

Stem (NYSE:STEM) last announced its earnings results on Wednesday, May 6th. The company reported ($2.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.46). The company had revenue of $29.00 million during the quarter, compared to analyst estimates of $34.61 million. On average, equities research analysts predict that Stem will post -7.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in Stem by 258.1% in the 3rd quarter. IFP Advisors Inc now owns 1,479 shares of the company’s stock valued at $26,000 after acquiring an additional 1,066 shares during the period. Virtu Financial LLC increased its stake in shares of Stem by 11.0% during the third quarter. Virtu Financial LLC now owns 12,856 shares of the company’s stock worth $225,000 after purchasing an additional 1,279 shares during the period. Geode Capital Management LLC boosted its stake in Stem by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 88,246 shares of the company’s stock valued at $1,329,000 after purchasing an additional 1,821 shares during the period. International Assets Investment Management LLC bought a new stake in Stem in the 4th quarter valued at $29,000. Finally, Royal Bank of Canada grew its holdings in Stem by 8.8% in the 1st quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock valued at $249,000 after buying an additional 2,275 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Company Profile

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.