Stem (NYSE:STEM) Stock Price Expected to Rise, UBS Group Analyst Says

Stem (NYSE:STEM) had its price objective hoisted by analysts at UBS Group from $0.60 to $0.65 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 46.73% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a report on Wednesday. Piper Sandler cut their target price on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research report on Friday, November 22nd. Finally, Roth Mkm increased their target price on shares of Stem from $0.35 to $0.40 and gave the stock a “neutral” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1.11.

Stem Stock Performance

NYSE STEM opened at $0.44 on Friday. Stem has a 52-week low of $0.30 and a 52-week high of $2.28. The company has a 50-day simple moving average of $0.65 and a 200 day simple moving average of $0.51. The company has a market capitalization of $72.10 million, a PE ratio of -0.09 and a beta of 1.49.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The business had revenue of $55.83 million during the quarter, compared to the consensus estimate of $47.89 million. During the same quarter last year, the company posted ($0.21) earnings per share. As a group, analysts forecast that Stem will post -0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Stem

A number of large investors have recently modified their holdings of STEM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Stem by 77.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock valued at $837,000 after purchasing an additional 1,047,825 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Stem during the fourth quarter valued at approximately $480,000. Collar Capital Management LLC bought a new stake in Stem during the fourth quarter valued at approximately $223,000. Canada Pension Plan Investment Board bought a new stake in Stem during the fourth quarter valued at approximately $203,000. Finally, 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 valued at $374,000 after purchasing an additional 315,823 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

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.