StepStone Group Inc (STEP) stock poised to deliver a potential drop of -11.53%

At the time of writing, StepStone Group Inc [STEP] stock is trading at $41.71, up 10.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The STEP shares have gain 11.76% over the last week, with a monthly amount glided 16.93%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

StepStone Group Inc [NASDAQ: STEP] stock has seen the most recent analyst activity on April 11, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $49 from $40. Previously, Oppenheimer started tracking the stock with Outperform rating on March 20, 2024, and set its price target to $48. On September 07, 2022, BofA Securities initiated with a Buy rating and assigned a price target of $42 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $33 on August 31, 2022. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $30 on July 19, 2022. Evercore ISI started tracking with a Outperform rating for this stock on December 22, 2021, and assigned it a price target of $48. In a note dated January 26, 2021, UBS downgraded an Neutral rating on this stock and boosted its target price from $32 to $38.

For the past year, the stock price of StepStone Group Inc fluctuated between $19.63 and $38.78. Currently, Wall Street analysts expect the stock to reach $36.9 within the next 12 months. StepStone Group Inc [NASDAQ: STEP] shares were valued at $41.71 at the most recent close of the market. An investor can expect a potential drop of -11.53% based on the average STEP price forecast.

Analyzing the STEP fundamentals

According to StepStone Group Inc [NASDAQ:STEP], the company’s sales were 710.60M for trailing twelve months, which represents an 102.10% jump. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.96 points at the first support level, and at 36.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.13, and for the 2nd resistance point, it is at 44.55.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.85, the price to book ratio is 8.43 and price to earnings (TTM) ratio is 45.46.

Transactions by insiders

Recent insider trading involved Keck Thomas, Director, that happened on Feb 26 ’24 when 3694.0 shares were sold. Director, Keck Thomas completed a deal on Feb 23 ’24 to sell 53403.0 shares. Meanwhile, Director Keck Thomas sold 48662.0 shares on Feb 22 ’24.

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