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The closing price of StepStone Group Inc (NASDAQ: STEP) was $46.57 for the day, up 1.73% from the previous closing price of $45.78. In other words, the price has increased by $1.73 from its previous closing price. On the day, 1.04 million shares were traded. STEP stock price reached its highest trading level at $47.5 during the session, while it also had its lowest trading level at $46.46.
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 16.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.57. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.78.
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 12 ’24 when Keck Thomas sold 13,050 shares for $45.32 per share. The transaction valued at 591,426 led to the insider holds 100,750 shares of the business.
Mitchell Steven R sold 27,500 shares of STEP for $1,219,350 on Jun 11 ’24. The Director now owns 0 shares after completing the transaction at $44.34 per share. On Jun 11 ’24, another insider, Keck Thomas, who serves as the Director of the company, sold 4,939 shares for $45.04 each. As a result, the insider received 222,453 and left with 113,800 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 5269861376 and an Enterprise Value of 4691311104. As of this moment, StepStone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.75, and their Forward P/E ratio for the next fiscal year is 21.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.30 while its Price-to-Book (P/B) ratio in mrq is 9.42. Its current Enterprise Value per Revenue stands at 6.592 whereas that against EBITDA is 19.831.
Stock Price History:
The Beta on a monthly basis for STEP is 1.27, which has changed by 0.81206226 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, STEP has reached a high of $46.87, while it has fallen to a 52-week low of $24.00. The 50-Day Moving Average of the stock is 12.06%, while the 200-Day Moving Average is calculated to be 36.86%.
Shares Statistics:
STEP traded an average of 725.03K shares per day over the past three months and 545760 shares per day over the past ten days. A total of 65.61M shares are outstanding, with a floating share count of 55.66M. Insiders hold about 15.17% of the company’s shares, while institutions hold 84.96% stake in the company. Shares short for STEP as of 1718323200 were 1919224 with a Short Ratio of 4.86, compared to 1715731200 on 1381881. Therefore, it implies a Short% of Shares Outstanding of 1919224 and a Short% of Float of 2.9499999999999997.
Dividends & Splits
With its trailing 12-month dividend rate of 0.83, STEP has a forward annual dividend rate of 0.84. Against a Trailing Annual Dividend Yield of 0.018130189
