Stem (NYSE:STEM) Given New $0.30 Price Target at Piper Sandler

Stem (NYSE:STEM) had its price objective trimmed by Piper Sandler from $1.50 to $0.30 in a report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on STEM. Evercore ISI decreased their price objective on shares of Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. TD Cowen cut shares of Stem from a “buy” rating to a “hold” rating and decreased their price objective for the company from $4.00 to $1.00 in a research report on Wednesday, August 7th. The Goldman Sachs Group decreased their price objective on shares of Stem from $0.75 to $0.65 and set a “neutral” rating for the company in a research report on Friday, November 1st. Susquehanna upped their price objective on shares of Stem from $0.50 to $0.60 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, UBS Group decreased their price objective on shares of Stem from $1.00 to $0.60 and set a “buy” rating for the company in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.67.

Stem Stock Up 7.1 %

STEM stock opened at $0.39 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 1.10. The business has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $0.82. Stem has a 52 week low of $0.30 and a 52 week high of $4.30.

Institutional Trading of Stem

A number of institutional investors and hedge funds have recently made changes to their positions in STEM. SG Americas Securities LLC increased its position in Stem by 73.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,666 shares of the company’s stock valued at $37,000 after acquiring an additional 14,307 shares during the period. Rhumbline Advisers increased its position in shares of Stem by 8.8% during the 2nd 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 period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Stem by 15.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 167,298 shares of the company’s stock valued at $366,000 after purchasing an additional 22,703 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Stem during the 2nd quarter valued at $30,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Stem by 2,416.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,507 shares of the company’s stock worth $32,000 after acquiring an additional 27,374 shares in the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.