Stem (NYSE:STEM) Given New $0.60 Price Target at UBS Group

Stem (NYSE:STEM) had its price target decreased by UBS Group from $1.00 to $0.60 in a research report report published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research analysts have also weighed in on STEM. Evercore ISI reduced their price objective on shares of Stem from $9.00 to $5.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Susquehanna lifted their price objective on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. TD Cowen lowered shares of Stem from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.00 to $1.00 in a research note on Wednesday, August 7th. Barclays cut their price target on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a research note on Friday, October 18th. Finally, The Goldman Sachs Group cut their price target on shares of Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1.86.

Stem Stock Up 3.4 %

Shares of NYSE STEM opened at $0.36 on Friday. The firm has a market capitalization of $58.92 million, a PE ratio of -0.07 and a beta of 1.65. The company has a current ratio of 1.10, a quick ratio of 1.51 and a debt-to-equity ratio of 1.41. Stem has a 1 year low of $0.30 and a 1 year high of $4.30. The firm’s 50-day moving average is $0.45 and its 200-day moving average is $0.90.

Institutional Trading of Stem

A number of hedge funds and other institutional investors have recently made changes to their positions in STEM. SIR Capital Management L.P. raised its holdings in shares of Stem by 327.0% in the second quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock valued at $1,752,000 after purchasing an additional 1,208,875 shares during the last quarter. AQR Capital Management LLC increased its holdings in Stem by 5,770.4% during the second quarter. AQR Capital Management LLC now owns 777,648 shares of the company’s stock worth $863,000 after buying an additional 764,401 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Stem by 181.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 856,092 shares of the company’s stock worth $950,000 after buying an additional 551,492 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Stem by 4,330.5% during the second quarter. Squarepoint Ops LLC now owns 491,251 shares of the company’s stock worth $545,000 after buying an additional 480,163 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Stem during the second quarter worth $405,000. 61.63% of the stock is currently owned by institutional investors and hedge funds.

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.