Stem (NYSE:STEM – Get Free Report) had its target price dropped by analysts at Susquehanna from $7.50 to $4.50 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential upside of 12.33% from the company’s current price.
Several other equities analysts have also commented on STEM. Wall Street Zen upgraded Stem from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Barclays lowered their price objective on shares of Stem from $18.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, July 27th. UBS Group upgraded shares of Stem from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Friday, September 25th. Roth Capital reiterated a “neutral” rating and set a $6.75 target price on shares of Stem in a report on Monday, August 17th. Finally, New Street Research set a $8.00 target price on shares of Stem in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.85.
Check Out Our Latest Analysis on Stem
Stem Stock Down 1.3%
Stem (NYSE:STEM – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($1.58) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.75) by $0.17. The firm had revenue of $33.65 million for the quarter, compared to the consensus estimate of $36.65 million. On average, sell-side analysts anticipate that Stem will post -7.04 EPS for the current fiscal year.
Institutional Trading of Stem
Hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP acquired a new position in Stem during the second quarter worth $99,000. Royal Bank of Canada lifted its holdings in Stem by 8.8% during the first quarter. Royal Bank of Canada now owns 28,213 shares of the company’s stock valued at $249,000 after purchasing an additional 2,275 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Stem by 423.0% in the first quarter. Renaissance Technologies LLC now owns 58,575 shares of the company’s stock valued at $518,000 after purchasing an additional 47,375 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of Stem by 48.1% in the fourth quarter. Hsbc Holdings PLC now owns 28,424 shares of the company’s stock valued at $434,000 after purchasing an additional 9,233 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.
About Stem
Stem, Inc is a clean-energy technology company that provides software and services for managing renewable energy and energy storage assets. Its platform is designed to help commercial, industrial and utility customers optimize electricity use, coordinate battery storage, and improve the performance of solar and other distributed energy resources.
The company’s offerings have included Athena, an artificial-intelligence-driven energy optimization platform, as well as software for monitoring, managing and reporting on renewable energy assets.
Recommended Stories
- Five stocks we like better than Stem
- PepsiCo’s Earnings Beat Masks a Bigger Problem With Its North American Business
- Tax Credit Turmoil: Why Enphase and SolarEdge Face a Tough Road
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
Receive News & Ratings for Stem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stem and related companies with MarketBeat.com's FREE daily email newsletter.
