Stem, Inc. (NYSE:STEM) Receives $1.67 Average Price Target from Analysts

Shares of Stem, Inc. (NYSE:STEM) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $1.67.

Several analysts have commented on the company. Piper Sandler dropped 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. UBS Group cut their target price on Stem from $1.00 to $0.60 and set a “buy” rating for the company in a research note on Friday, November 8th. Evercore ISI dropped their price objective on Stem from $9.00 to $5.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. TD Cowen cut Stem from a “buy” rating to a “hold” rating and dropped their price objective for the company from $4.00 to $1.00 in a research note on Wednesday, August 7th. Finally, Susquehanna boosted their target price on Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th.

Institutional Trading of Stem

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Stem by 45.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 158,102 shares of the company’s stock valued at $347,000 after acquiring an additional 49,713 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Stem by 904.0% during the 1st quarter. Tidal Investments LLC now owns 121,741 shares of the company’s stock worth $267,000 after purchasing an additional 109,616 shares during the period. Swedbank AB purchased a new position in shares of Stem in the 1st quarter worth $346,000. Cetera Advisors LLC purchased a new position in shares of Stem in the 1st quarter worth $179,000. Finally, DNB Asset Management AS raised its position in shares of Stem by 59.9% in the 2nd quarter. DNB Asset Management AS now owns 209,273 shares of the company’s stock worth $232,000 after buying an additional 78,360 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.

Stem Stock Up 6.5 %

Shares of STEM stock opened at $0.40 on Friday. The firm has a market capitalization of $65.10 million, a PE ratio of -0.08 and a beta of 1.64. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $4.30. The stock’s 50-day simple moving average is $0.43 and its 200-day simple moving average is $0.77. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 1.10.

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.