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

Stem (NYSE:STEM) had its price objective upped by equities research analysts at UBS Group from $16.00 to $18.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential downside of 8.21% from the stock’s previous close.

STEM has been the topic of several other reports. Susquehanna boosted their price target on shares of Stem from $12.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stem in a report on Wednesday, October 8th. Roth Capital set a $23.00 price target on shares of Stem and gave the stock a “neutral” rating in a report on Thursday. Finally, Barclays reissued a “reduce” rating and issued a $18.00 price target (up from $13.00) on shares of Stem in a report on Friday. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Stem currently has an average rating of “Reduce” and an average target price of $14.57.

Stem Stock Performance

Stem stock opened at $19.61 on Friday. Stem has a fifty-two week low of $5.81 and a fifty-two week high of $33.60. The stock has a market cap of $164.52 million, a PE ratio of -1.44 and a beta of 1.34. The firm’s 50-day simple moving average is $19.34 and its 200 day simple moving average is $13.69.

Stem (NYSE:STEM) last released its quarterly earnings results on Wednesday, October 29th. The company reported ($2.84) earnings per share for the quarter, missing the consensus estimate of ($1.85) by ($0.99). The company had revenue of $38.24 million for the quarter, compared to analyst estimates of $39.07 million. Stem has set its FY 2025 guidance at EPS. As a group, analysts predict that Stem will post -0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Stem

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STEM. Cerity Partners LLC bought a new stake in Stem in the 1st quarter valued at about $29,000. CWM LLC raised its stake in Stem by 317.7% in the 1st quarter. CWM LLC now owns 89,913 shares of the company’s stock valued at $31,000 after acquiring an additional 68,386 shares during the period. Electron Capital Partners LLC raised its stake in Stem by 24.7% in the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company’s stock valued at $57,000 after acquiring an additional 32,313 shares during the period. Nomura Holdings Inc. raised its stake in Stem by 24.1% in the 1st quarter. Nomura Holdings Inc. now owns 228,814 shares of the company’s stock valued at $80,000 after acquiring an additional 44,433 shares during the period. Finally, Bridgeway Capital Management LLC bought a new stake in Stem in the 2nd quarter valued at about $97,000. 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.