Roth Mkm Forecasts Strong Price Appreciation for Stem (NYSE:STEM) Stock

Stem (NYSE:STEM) had its target price upped by Roth Mkm from $0.35 to $0.40 in a research note released on Wednesday morning,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

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

Stem Trading Up 13.3 %

NYSE STEM opened at $0.52 on Wednesday. Stem has a 12 month low of $0.30 and a 12 month high of $2.34. The stock has a 50 day moving average of $0.65 and a 200-day moving average of $0.51. The company has a market cap of $84.79 million, a PE ratio of -0.10 and a beta of 1.43.

Stem (NYSE:STEM) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $55.83 million for the quarter, compared to analyst estimates of $47.89 million. During the same period in the prior year, the firm posted ($0.21) earnings per share. As a group, sell-side analysts predict that Stem will post -0.52 EPS for the current fiscal year.

Institutional Trading of Stem

Several institutional investors have recently added to or reduced their stakes in STEM. Barclays PLC increased its position in Stem by 213.1% during the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock worth $81,000 after buying an additional 160,165 shares during the period. Geode Capital Management LLC increased its position in Stem by 4.8% during the third quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company’s stock worth $1,255,000 after acquiring an additional 166,002 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Stem by 77.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after purchasing an additional 1,047,825 shares in the last quarter. Creative Planning boosted its holdings in Stem by 177.1% in the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after purchasing an additional 78,940 shares during the period. Finally, Aries Wealth Management boosted its holdings in Stem by 100.0% in the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after purchasing an additional 25,000 shares during the period. 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.