Morgan Stanley Reaffirms Their Hold Rating on Stem Inc (STEM)

Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Stem Inc (STEMResearch Report) today and set a price target of $21.00. The company’s shares closed yesterday at $13.22.

According to TipRanks, Byrd is a 5-star analyst with an average return of 9.7% and a 57.49% success rate. Byrd covers the Utilities sector, focusing on stocks such as Spire, Pinnacle West Capital, and American Electric Power.

Stem Inc has an analyst consensus of Strong Buy, with a price target consensus of $21.25.

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STEM market cap is currently $2.04B and has a P/E ratio of -17.74.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STEM in relation to earlier this year. Last month, Russo Alan, the CRO of STEM sold 160,210.00 shares for a total of $2,355,087.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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