Susquehanna Trims Stem (NYSE:STEM) Target Price to $2.00

Stem (NYSE:STEM) had its target price lowered by Susquehanna from $2.50 to $2.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a positive rating on the stock.

A number of other equities research analysts also recently weighed in on STEM. The Goldman Sachs Group cut their price target on Stem from $2.50 to $2.00 and set a neutral rating for the company in a research note on Monday, May 6th. BMO Capital Markets cut their price target on Stem from $2.50 to $1.85 and set a market perform rating for the company in a research note on Friday, May 3rd. Piper Sandler cut their price target on Stem from $3.00 to $2.00 and set a neutral rating for the company in a research note on Thursday, April 11th. UBS Group cut their price target on Stem from $5.00 to $2.50 and set a buy rating for the company in a research note on Wednesday, May 8th. Finally, Evercore ISI cut their price target on Stem from $13.00 to $9.00 and set an outperform rating for the company in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stem has an average rating of Hold and a consensus price target of $4.00.

Stem Stock Down 7.2 %

Shares of Stem stock opened at $1.41 on Monday. The stock has a 50-day moving average price of $1.24 and a 200 day moving average price of $2.05. The company has a market cap of $227.93 million, a P/E ratio of -0.97 and a beta of 1.75. The company has a current ratio of 1.71, a quick ratio of 1.61 and a debt-to-equity ratio of 1.41. Stem has a 1 year low of $0.99 and a 1 year high of $7.79.

Stem (NYSE:STEM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The business had revenue of $25.50 million during the quarter, compared to analysts’ expectations of $66.67 million. Stem had a negative return on equity of 36.20% and a negative net margin of 40.03%. The firm’s revenue was down 61.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.29) earnings per share. As a group, analysts expect that Stem will post -0.84 EPS for the current fiscal year.

Insider Buying and Selling at Stem

In other Stem news, CEO John Eugene Carrington sold 194,171 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $1.85, for a total value of $359,216.35. Following the sale, the chief executive officer now owns 506,585 shares of the company’s stock, valued at approximately $937,182.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Stem news, CEO John Eugene Carrington sold 194,171 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $1.85, for a total value of $359,216.35. Following the sale, the chief executive officer now owns 506,585 shares of the company’s stock, valued at approximately $937,182.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William John Bush sold 24,035 shares of Stem stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $44,945.45. Following the sale, the chief financial officer now directly owns 390,217 shares in the company, valued at approximately $729,705.79. The disclosure for this sale can be found here. Insiders have sold 267,599 shares of company stock valued at $495,763 in the last 90 days. 10.17% of the stock is currently owned by insiders.

Institutional Trading of Stem

Institutional investors have recently modified their holdings of the company. DNB Asset Management AS grew its holdings in shares of Stem by 63.7% during the 4th quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock worth $491,000 after purchasing an additional 49,256 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Stem during the 4th quarter worth approximately $228,000. SG Americas Securities LLC bought a new position in shares of Stem during the 4th quarter worth approximately $209,000. Rock Point Advisors LLC lifted its position in shares of Stem by 104.7% during the 4th quarter. Rock Point Advisors LLC now owns 1,407,525 shares of the company’s stock worth $5,461,000 after buying an additional 720,080 shares during the period. Finally, KBC Group NV bought a new position in shares of Stem during the 4th quarter worth approximately $170,000. Institutional investors and hedge funds 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.