Stem, Inc. (NYSE:STEM) Given Consensus Rating of “Reduce” by Brokerages

Shares of Stem, Inc. (NYSE:STEMGet Free Report) have earned a consensus rating of “Reduce” from the five brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.3750.

A number of research analysts have weighed in on the stock. Susquehanna cut their price target on shares of Stem from $21.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Roth Mkm restated a “neutral” rating and set a $11.00 price objective on shares of Stem in a report on Thursday, May 7th. Wall Street Zen lowered shares of Stem from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings cut Stem from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, UBS Group reissued a “neutral” rating and issued a $10.50 price target (down from $12.00) on shares of Stem in a research note on Monday.

Read Our Latest Stock Report on STEM

Insider Activity

In related news, CEO Arun Narayanan sold 5,145 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $11.12, for a total transaction of $57,212.40. Following the completion of the transaction, the chief executive officer directly owned 12,980 shares in the company, valued at approximately $144,337.60. This trade represents a 28.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 10,366 shares of company stock worth $114,190 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stem

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Stem by 505.8% during the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock worth $519,000 after acquiring an additional 1,238,012 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Stem in the second quarter worth $187,000. Bridgeway Capital Management LLC bought a new stake in shares of Stem in the second quarter worth $97,000. Vanguard Group Inc. boosted its holdings in Stem by 2.2% during the third quarter. Vanguard Group Inc. now owns 395,223 shares of the company’s stock worth $6,924,000 after purchasing an additional 8,468 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Stem during the third quarter worth $55,000. Institutional investors own 61.63% of the company’s stock.

Stem Stock Performance

STEM opened at $8.87 on Wednesday. The firm’s fifty day moving average is $10.17 and its two-hundred day moving average is $14.31. The firm has a market cap of $75.58 million, a PE ratio of -1.02 and a beta of 1.51. Stem has a twelve month low of $5.93 and a twelve month high of $32.23.

Stem (NYSE:STEMGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($2.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.76) by ($0.46). The firm had revenue of $29.00 million for the quarter, compared to the consensus estimate of $34.61 million. Equities analysts forecast that Stem will post -7.18 EPS for the current fiscal year.

Stem Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Stem (NYSE:STEM)

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