Stem (NYSE:STEM) Given New $0.40 Price Target at Roth Mkm

Stem (NYSE:STEM) had its target price upped by equities researchers at Roth Mkm from $0.35 to $0.40 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s price objective points to a potential downside of 17.01% from the company’s current price.

A number of other equities analysts have also issued reports on STEM. BMO Capital Markets decreased their target price on shares of Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research report on Wednesday. Piper Sandler lowered their target price on Stem from $1.50 to $0.30 and set a “neutral” rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group lowered their price target on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1.11.

Stem Price Performance

Shares of STEM stock traded up $0.02 during mid-day trading on Wednesday, hitting $0.48. The stock had a trading volume of 3,763,606 shares, compared to its average volume of 13,525,520. Stem has a fifty-two week low of $0.30 and a fifty-two week high of $2.34. The firm has a market cap of $78.45 million, a PE ratio of -0.09 and a beta of 1.43. The company’s 50-day simple moving average is $0.64 and its 200-day simple moving average is $0.51.

Stem (NYSE:STEM) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) 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 for the quarter, compared to analysts’ expectations of $47.89 million. During the same period in the previous year, the company posted ($0.21) earnings per share. On average, analysts expect that Stem will post -0.52 EPS for the current year.

Hedge Funds Weigh In On Stem

Several large investors have recently bought and sold shares of STEM. Aries Wealth Management increased its stake in shares of Stem by 100.0% in the fourth quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after buying an additional 25,000 shares during the period. Virtu Financial LLC bought a new stake in shares of Stem in the third quarter worth $25,000. Balyasny Asset Management L.P. increased its position in Stem by 569.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company’s stock valued at $73,000 after purchasing an additional 103,254 shares during the period. Creative Planning lifted its position in shares of Stem by 177.1% in the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after purchasing an additional 78,940 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Stem by 25.3% in the 4th quarter. Bank of America Corp DE now owns 183,840 shares of the company’s stock valued at $111,000 after purchasing an additional 37,115 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

About Stem

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.