StepStone Group Inc [STEP] stock prices are up 2.82% to $54.64 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The STEP shares have gain 7.28% over the last week, with a monthly amount glided 2.46%, 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.
The stock price of StepStone Group Inc [STEP] has been fluctuating between $24.97 and $56.18 over the past year. Currently, Wall Street analysts expect the stock to reach $41.42 within the next 12 months. StepStone Group Inc [NASDAQ: STEP] shares were valued at $54.64 at the most recent close of the market. An investor can expect a potential drop of -24.19% based on the average STEP price forecast.
Analyzing the STEP fundamentals
The StepStone Group Inc [NASDAQ:STEP] reported sales of 719.84M for trailing twelve months, representing a surge of 5.18%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
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 53.82 points at the first support level, and at 53.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.08, and for the 2nd resistance point, it is at 55.53.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.47, the price to book ratio is 10.12 and price to earnings (TTM) ratio is 70.01.
Transactions by insiders
Recent insider trading involved Mitchell Steven R, Director, that happened on Jun 11 ’24 when 27500.0 shares were sold. Director, Keck Thomas completed a deal on Jun 10 ’24 to sell 74976.0 shares. Meanwhile, Director Keck Thomas sold 13050.0 shares on Jun 12 ’24.
