Currently, there are 75.84M common shares owned by the public and among those 65.32M shares have been available to trade.
The company’s stock has a 5-day price change of -3.12% and -8.17% over the past three months. STEP shares are trading 7.93% year to date (YTD), with the 12-month market performance up to 80.44% higher. It has a 12-month low price of $32.46 and touched a high of $70.38 over the same period. STEP has an average intraday trading volume of 556.40K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.92%, 1.86%, and 15.63% respectively.
Institutional ownership of StepStone Group Inc (NASDAQ: STEP) shares accounts for 90.03% of the company’s 75.84M shares outstanding.
It has a market capitalization of $4.74B and a beta (3y monthly) value of 1.32. The earnings-per-share (ttm) stands at -$1.67. The company has a debt-to-equity ratio at 1.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.84% over the week and 3.27% over the month.
Earnings per share for the fiscal year are expected to increase by 50.80%, and 14.81% over the next financial year. EPS should grow at an annualized rate of 27.07% over the next five years, compared to -13.21% over the past 5-year period.
Looking at the support for the STEP, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on April 11, 2024, with the firm’s price target at $40-$49. Oppenheimer coverage for the StepStone Group Inc (STEP) stock in a research note released on March 20, 2024 offered a Outperform rating with a price target of $48. BofA Securities was of a view on September 07, 2022 that the stock is Buy, while Barclays gave the stock Equal Weight rating on August 31, 2022, issuing a price target of $33. Morgan Stanley on their part issued Equal-Weight rating on July 19, 2022.
