12/26/2023 0 Comments Stem stock nyseOne equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Finally, Wolfe Research lowered shares of Stem from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 6th. They set a “market perform” rating and a $3.50 target price on the stock. BMO Capital Markets assumed coverage on shares of Stem in a research note on Monday, April 17th. Guggenheim reduced their price objective on shares of Stem from $14.00 to $11.00 in a research note on Thursday, March 30th. Susquehanna lowered their price target on shares of Stem from $17.00 to $12.00 and set a “positive” rating on the stock in a research report on Thursday, March 30th. They set an “outperform” rating and a $11.00 price objective on the stock. Evercore ISI assumed coverage on Stem in a research note on Tuesday, May 23rd. Analysts Set New Price TargetsĪ number of brokerages have recently issued reports on STEM. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued. This repurchase authorization allows the company to repurchase up to 81.1% of its shares through open market purchases. Stem declared that its board has initiated a stock repurchase plan on Wednesday, May 3rd that allows the company to repurchase $500.00 million in shares. will post -0.64 EPS for the current fiscal year. On average, equities research analysts forecast that Stem, Inc. During the same quarter last year, the firm posted ($0.21) EPS. Stem’s revenue for the quarter was up 63.4% on a year-over-year basis. Stem had a negative net margin of 37.59% and a negative return on equity of 26.02%. The company had revenue of $67.00 million for the quarter, compared to analyst estimates of $63.34 million. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05). Stem ( NYSE:STEM – Free Report) last released its quarterly earnings results on Thursday, May 4th. 60.84% of the stock is currently owned by institutional investors and hedge funds. State Board of Administration of Florida Retirement System now owns 24,120 shares of the company’s stock worth $216,000 after buying an additional 2,460 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Stem by 11.4% during the fourth quarter. ETF Managers Group LLC now owns 64,583 shares of the company’s stock worth $577,000 after purchasing an additional 2,350 shares during the period. ETF Managers Group LLC boosted its stake in Stem by 3.8% in the 4th quarter. California State Teachers Retirement System now owns 92,032 shares of the company’s stock worth $1,013,000 after buying an additional 2,277 shares during the period. California State Teachers Retirement System raised its holdings in Stem by 2.5% during the 1st quarter. Prospera Financial Services Inc now owns 24,186 shares of the company’s stock worth $216,000 after buying an additional 2,102 shares during the period. Prospera Financial Services Inc raised its holdings in Stem by 9.5% during the 4th quarter. now owns 21,593 shares of the company’s stock worth $155,000 after purchasing an additional 719 shares during the period. raised its position in shares of Stem by 3.4% during the second quarter. The institutional investor purchased 57,898 shares of the company’s stock, valued at approximately $328,000.Ī number of other hedge funds have also modified their holdings of STEM. ( NYSE:STEM – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. DnB Asset Management AS purchased a new stake in Stem, Inc.
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