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After finishing at $50.93 in the prior trading day, StepStone Group Inc (NASDAQ: STEP) closed at $51.42, up 0.96%. In other words, the price has increased by $0.96 from its previous closing price. On the day, 0.82 million shares were traded. STEP stock price reached its highest trading level at $51.52 during the session, while it also had its lowest trading level at $49.41.
Ratios:
Our goal is to gain a better understanding of STEP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.37. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.76.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on April 11, 2024, Upgraded its rating to Overweight and sets its target price to $49 from $40 previously.
On March 20, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $48.
On September 07, 2022, BofA Securities started tracking the stock assigning a Buy rating and target price of $42.BofA Securities initiated its Buy rating on September 07, 2022, with a $42 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 11 ’24 when Mitchell Steven R sold 27,500 shares for $44.34 per share. The transaction valued at 1,219,350 led to the insider holds 0 shares of the business.
Keck Thomas sold 74,976 shares of STEP for $3,378,419 on Jun 10 ’24. The Director now owns 118,739 shares after completing the transaction at $45.06 per share. On Jun 12 ’24, another insider, Keck Thomas, who serves as the Director of the company, sold 13,050 shares for $45.32 each. As a result, the insider received 591,426 and left with 100,750 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STEP now has a Market Capitalization of 5881882112 and an Enterprise Value of 5160333824. As of this moment, StepStone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.88, and their Forward P/E ratio for the next fiscal year is 23.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.85 while its Price-to-Book (P/B) ratio in mrq is 9.52. Its current Enterprise Value per Revenue stands at 7.167 whereas that against EBITDA is 22.342.
Stock Price History:
Over the past 52 weeks, STEP has reached a high of $56.18, while it has fallen to a 52-week low of $24.97. The 50-Day Moving Average of the stock is 3.32%, while the 200-Day Moving Average is calculated to be 32.91%.
Shares Statistics:
The stock has traded on average 850.22K shares per day over the past 3-months and 730160 shares per day over the last 10 days, according to various share statistics. A total of 65.61M shares are outstanding, with a floating share count of 58.35M. Insiders hold about 14.10% of the company’s shares, while institutions hold 89.51% stake in the company. Shares short for STEP as of 1723680000 were 2432530 with a Short Ratio of 2.86, compared to 1721001600 on 3057725. Therefore, it implies a Short% of Shares Outstanding of 2432530 and a Short% of Float of 4.63.
Dividends & Splits
In the trailing 12 months, STEP’s forward annual dividend rate was 0.84, compared to 0.87 this year. Against a Trailing Annual Dividend Yield of 0.016493225
