Stem, Inc. (NYSE:STEM) Receives $1.38 Consensus PT from Analysts

Shares of Stem, Inc. (NYSE:STEM) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $1.38.

A number of equities analysts have weighed in on STEM shares. UBS Group reduced 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. The Goldman Sachs Group reduced their price target 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. Finally, Piper Sandler lowered their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a report on Friday, November 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in Stem by 102.9% during the fourth quarter. Deutsche Bank AG now owns 622,731 shares of the company’s stock worth $374,000 after buying an additional 315,823 shares in the last quarter. Collar Capital Management LLC acquired a new stake in shares of Stem in the 4th quarter worth $223,000. Balyasny Asset Management L.P. raised its holdings in shares of Stem by 569.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company’s stock worth $73,000 after acquiring an additional 103,254 shares during the period. Bank of America Corp DE boosted its position in shares of Stem by 25.3% during the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company’s stock valued at $111,000 after acquiring an additional 37,115 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Stem in the fourth quarter valued at about $480,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

Stem Price Performance

Shares of NYSE:STEM opened at $0.65 on Thursday. The business’s 50 day moving average price is $0.62 and its 200-day moving average price is $0.52. Stem has a 1 year low of $0.30 and a 1 year high of $3.10. The firm has a market capitalization of $105.30 million, a price-to-earnings ratio of -0.12 and a beta of 1.43.

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.