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The closing price of StepStone Group Inc (NASDAQ: STEP) was $59.72 for the day, up 1.27% from the previous closing price of $58.97. In other words, the price has increased by $1.27 from its previous closing price. On the day, 1.07 million shares were traded. STEP stock price reached its highest trading level at $60.0 during the session, while it also had its lowest trading level at $58.46.
Ratios:
Our analysis of STEP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.70. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 6949079040 and an Enterprise Value of 5724168192. As of this moment, StepStone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 76.52, and their Forward P/E ratio for the next fiscal year is 26.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.98 while its Price-to-Book (P/B) ratio in mrq is 11.06. Its current Enterprise Value per Revenue stands at 7.95 whereas that against EBITDA is 24.783.
Stock Price History:
Over the past 52 weeks, STEP has reached a high of $59.06, while it has fallen to a 52-week low of $24.97. The 50-Day Moving Average of the stock is 13.69%, while the 200-Day Moving Average is calculated to be 45.45%.
Shares Statistics:
STEP traded an average of 673.96K shares per day over the past three months and 885770 shares per day over the past ten days. A total of 65.61M shares are outstanding, with a floating share count of 61.87M. Insiders hold about 14.11% of the company’s shares, while institutions hold 84.44% stake in the company. Shares short for STEP as of 1726185600 were 2496754 with a Short Ratio of 3.70, compared to 1723680000 on 2432530. Therefore, it implies a Short% of Shares Outstanding of 2496754 and a Short% of Float of 4.4299997.
Dividends & Splits
With its trailing 12-month dividend rate of 0.84, STEP has a forward annual dividend rate of 0.87. Against a Trailing Annual Dividend Yield of 0.01424453
