Recent Research Analysts’ Ratings Changes for Stem (STEM)

Several brokerages have updated their recommendations and price targets on shares of Stem (NYSE: STEM) in the last few weeks:

• 8/9/2024 – Stem was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating. They now have a $0.50 price target on the stock, down previously from $2.00.
• 8/8/2024 – Stem had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $1.40 to $0.75. They now have a “neutral” rating on the stock.
• 8/8/2024 – Stem had its price target lowered by analysts at UBS Group AG from $2.50 to $1.00. They now have a “buy” rating on the stock.
• 8/7/2024 – Stem had its price target lowered by analysts at Evercore ISI from $9.00 to $5.00. They now have an “outperform” rating on the stock.
• 8/7/2024 – Stem was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $1.00 price target on the stock, down previously from $4.00.
• 7/15/2024 – Stem had its price target lowered by analysts at Susquehanna from $2.50 to $2.00. They now have a “positive” rating on the stock.

Stem Stock Up 1.1 %

Stem stock traded up $0.01 during mid-day trading on Tuesday, hitting $0.57. 193,908 shares of the company’s stock were exchanged, compared to its average volume of 4,873,758. The company has a current ratio of 1.66, a quick ratio of 1.51 and a debt-to-equity ratio of 1.41. The stock has a market cap of $91.95 million, a P/E ratio of -0.39 and a beta of 1.75. Stem, Inc. has a 1-year low of $0.47 and a 1-year high of $5.57. The stock has a 50 day moving average of $1.08 and a two-hundred day moving average of $1.66.

Stem (NYSE:STEM) last posted its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.01. The firm had revenue of $34.00 million for the quarter, compared to the consensus estimate of $64.06 million. Stem had a negative net margin of 213.33% and a negative return on equity of 63.98%. The business’s quarterly revenue was down 63.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.56) earnings per share. As a group, analysts anticipate that Stem, Inc. will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Stem

Several hedge funds have recently bought and sold shares of STEM. New York State Common Retirement Fund grew its position in shares of Stem by 6.9% in the fourth quarter. New York State Common Retirement Fund now owns 59,491 shares of the company’s stock valued at $231,000 after purchasing an additional 3,855 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Stem by 25.4% in the fourth quarter. Victory Capital Management Inc. now owns 19,536 shares of the company’s stock valued at $76,000 after purchasing an additional 3,955 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Stem by 31.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 25,000 shares of the company’s stock valued at $97,000 after purchasing an additional 6,050 shares during the last quarter. SCP Investment LP grew its position in shares of Stem by 4.7% in the fourth quarter. SCP Investment LP now owns 172,600 shares of the company’s stock valued at $734,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Stem by 24.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,693 shares of the company’s stock valued at $170,000 after purchasing an additional 8,506 shares during the last quarter. 61.63% of the stock is owned by institutional investors and hedge funds.

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.