StepStone Group Inc. (STEP) Stock: Should Investors Follow These Insider Trades?

StepStone Group Inc. (NASDAQ:STEP) saw a downside of -1.50% to close Friday at $42.00 after subtracting -$0.64 on the day. The 5-day average trading volume is 262,540 shares of the company’s common stock. It has gained $45.12 in the past week and touched a new high 1 time within the past 5 days. An average of 297,325 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 263,326.

STEP’s 1-month performance is -12.02% or -$5.74 on its low of $39.69 reached on 10/01/21. The company’s shares have touched a 52-week low of $24.48 and high of $49.72, with the stock’s rally to the 52-week high happening on 09/07/21. YTD, STEP has achieved 5.53% or $2.20 and has reached a new high 14 times. However, the current price is down -15.53%% from the 52-week high price.

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Insider Transactions

On Sep 29, 3 days have gone by since the last insider trading activity for StepStone Group Inc. (STEP). Mitchell Steven R (Director) most recently sold 7,865 shares at $43.55 per share on Sep 29. This transaction cost the insider $342,521. Director, Mitchell Steven R, sold 17,845 shares at a price of $43.11 on Sep 28. Then, on Sep 27, Director Mitchell Steven R sold 9,290 shares at a price of $44.70 per share. This transaction amounted to $415,263.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 47.38 and a low of 11.03. STEP stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.44 while the price-to-book (PB) in the most recent quarter is 13.04, with the price to cash flow ratio at 20.70.

StepStone Group Inc. pays an annual dividend of $0.28 per share. Its dividend yield is 0.67% and the payout ratio is 6.40%. STEP’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.07 a share compared with prior rate of $0.07, down 0.0% from last year’s.

It is projected that StepStone Group Inc.’s next ex-dividend date will be on 3-Dec. STEP is expected to distribute $0.07 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 63.70%. The firm’s gross profit as reported stood at $459.55 million against revenue of $787.72 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. StepStone Group Inc.’s return on assets over the past 12 months stands at 8.80%, while its return on equity (ROE) trailing 12 months is 50.90%. In comparison, the average ROE for the broader industry over the past year is 14.85.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected STEP to announce $0.22 per share in earnings in its latest quarter, but it posted $0.41, representing a 86.40% surprise. EBITDA for the quarter stood at more than $136.06 million. STEP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 861.63 million, with total debt at $75.51 million. Shareholders hold equity totaling $94.82 million

Technical Picture

Let’s look briefly at StepStone Group Inc. (STEP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 24.93% to suggest the stock is trending oversold, with historical volatility in this time period at 23.49%.

The stock’s 5-day moving average is $43.16, reflecting a -6.65% or -$2.99 change from its current price. STEP is currently trading -13.95% above its 20-day SMA, +31.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.72% and +31.25% respectively.

Stochastic %K and %D was 15.00% and 14.03% and the average true range (ATR) pointed at 1.87. The RSI (14) points at 32.72%, while the 14-day stochastic is at 28.00% with the period’s ATR at 1.85. The stock’s 9-day MACD Oscillator is pointing at -1.22 and -1.77 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for StepStone Group Inc. (NASDAQ: STEP), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for STEP stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate STEP as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is STEP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $40.00 and a high of $56.00, with their median price target at $44.50. Looking at these predictions, the average price target given by analysts is for StepStone Group Inc. (STEP) stock is $46.25.


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