Stem (NYSE:STEM) Issues Quarterly Earnings Results

Stem (NYSE:STEM) announced its quarterly earnings data on Thursday. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25), RTT News reports. The firm had revenue of $25.50 million during the quarter, compared to the consensus estimate of $66.67 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. Stem’s revenue was down 61.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.29) EPS.

Stem Trading Up 3.0 %

NYSE STEM traded up $0.05 during trading hours on Thursday, reaching $1.91. The company’s stock had a trading volume of 3,053,253 shares, compared to its average volume of 4,607,387. The firm has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $2.86. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 1.78. Stem has a 52 week low of $1.46 and a 52 week high of $7.79. The stock has a market cap of $300.55 million, a P/E ratio of -1.49 and a beta of 1.91.

Analyst Upgrades and Downgrades

STEM has been the topic of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a research note on Thursday, February 29th. Susquehanna lowered their price target on shares of Stem from $5.50 to $4.00 and set a “positive” rating for the company in a report on Thursday, February 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price objective (down previously from $5.50) on shares of Stem in a report on Friday, March 22nd. Piper Sandler lowered their target price on Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Finally, TD Cowen cut their price target on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.96.

Insiders Place Their Bets

In related news, CRO Alan Russo sold 24,142 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total value of $45,145.54. Following the completion of the sale, the executive now directly owns 212,910 shares in the company, valued at $398,141.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Saul R. Laureles sold 10,959 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.17, for a total value of $34,740.03. Following the transaction, the insider now owns 80,003 shares in the company, valued at approximately $253,609.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Alan Russo sold 24,142 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total transaction of $45,145.54. Following the completion of the sale, the executive now directly owns 212,910 shares in the company, valued at $398,141.70. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 130,418 shares of company stock valued at $238,045 and have sold 578,097 shares valued at $1,291,013. Insiders own 10.17% of the company’s stock.

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.