StepStone Group Inc. (NASDAQ:STEP) finished Friday with an addition of $1.4 to close at $44.64, an upside of 3.24 percent. An average of 262,260 shares of common stock have been traded in the last five days. There was a gain of $1.59 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 311,045 shares traded, while the 50-day average volume stands at 284,240.
STEP stock has decreased by -1.28% in the last month. The company shares reached their 1-month lowest point of $39.69 on 10/01/21. With the stock rallying to its 52-week high on 09/07/21, shares of the company touched a low of $24.48 and a high of $49.72 in 52 weeks. It has reached a new high 14 times so far this year and achieved 12.16% or $4.84 in price. In spite of this, the price is down -10.22% from the 52-week high.
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2 days have passed since StepStone Group Inc. (STEP) last reported insider trading activity. McCabe Michael I, who is Head of Strategy, most recently acquired $7,503 shares at $43.21 per share on Oct 21. In this transaction, the insider spent $324,205. Head of Strategy, McCabe Michael I, disposed of 7,501 shares at a price of $43.21 on Oct 21. The insider now owns more than $324,118 worth of shares. Prior to that, Director Keck Thomas went on to Sale 7,500 shares at $43.21 each on Oct 21. An amount of $324,075 was transacted.
StepStone Group Inc. (STEP) has a trailing price-to-earnings (P/E) ratio of 40.58, which compares with the 20.50 for the broader industry and 13.15 for the sector. In the last five years, StepStone Group Inc.’s PE ratio has ranged between 47.38 and 11.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.63, the price-to-book (PB) ratio at 13.86, and the price-to-cash flow ratio at 21.87.
StepStone Group Inc. pays a $0.28 dividend per share annually. It offers a dividend yield of 0.63%. The company has a payout ratio of 6.40%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $0.07 a share, without any change from last year. Its dividend has been increased for the last 1 year
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $459.55 million compared to revenue of $787.72 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, StepStone Group Inc.’s return on assets was 8.80%. For the broader industry, ROE averaged 10.74 over the past year.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $41.65 million in the quarter, while revenues of -$24.79 million were grew 100.0%. The analyst consensus anticipated StepStone Group Inc.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.41, a 86.40% surprise. For the quarter, EBITDA amounted to $136.06 million. Shareholders own equity worth $94.82 million.
From a technical analysis perspective, let’s take a brief look at StepStone Group Inc. (STEP) price momentum. RSI 9-day as of the close on 22 October was 71.46%, suggesting the stock is Overbought, with historical volatility in this time frame at 21.61%.
As of today, STEP’s price is $43.49 +3.69% or $1.59 from its 5-day moving average. STEP is currently trading -0.78% lower than its 20-day SMA and +38.89% higher than its 100-day SMA. However, the stock’s current price level is +0.04% above the SMA50 and +24.00% above the SMA200.
The stochastic %K and %D were 87.18% and 83.21%, respectively, and the average true range (ATR) was 1.44. With the 14-day stochastic at 97.05% and the average true range at 1.54, the RSI (14) stands at 60.53%. The stock has reached 0.79 on the 9-day MACD Oscillator while the 14-day reading was at 1.36.
UBS downgraded StepStone Group Inc. (NASDAQ: STEP) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for StepStone Group Inc. (STEP) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell STEP, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is STEP’s price target for the next 12 months?
Analysts predict a range of price targets between $45.00 and $55.00, with a median target of $45.50. Taking a look at these predictions, the average price target given by analysts for StepStone Group Inc. (STEP) stock is $47.75.