StepStone Group Inc (NASDAQ: STEP) is 63.52% higher on its value in year-to-date trading and has touched a low of $24.97 and a high of $56.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STEP stock was last observed hovering at around $51.42 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $51.87, the stock is -2.57% and 3.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing 0.88% at the moment leaves the stock 33.63% off its SMA200. STEP registered 63.78% gain for a year compared to 6-month gain of 54.36%.
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The stock witnessed a 2.47% loss in the last 1 month and extending the period to 3 months gives it a 15.18%, and is -3.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.59% over the week and 2.90% over the month.
StepStone Group Inc (STEP) has around 990 employees, a market worth around $3.52B and $719.84M in sales. Current P/E ratio is 66.46 and Fwd P/E is 23.33. Profit margin for the company is 6.97%. Distance from 52-week low is 107.70% and -7.67% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).
The EPS is expected to grow by 52.43% this year
270.0 institutions hold shares in StepStone Group Inc (STEP), with institutional investors hold 107.35% of the company’s shares. The shares outstanding are 65.61M, and float is at 58.35M with Short Float at 5.20%. Institutions hold 86.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.95 million shares valued at $365.05 million. The investor’s holdings represent 12.5297 of the STEP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.33 million shares valued at $290.4 million to account for 9.9672 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 5.72 million shares representing 9.008 and valued at over $262.45 million, while FMR LLC holds 6.0769 of the shares totaling 3.86 million with a market value of $177.05 million.
StepStone Group Inc (STEP) Insider Activity
The most recent transaction is an insider sale by Mitchell Steven R, the company’s Director. SEC filings show that Mitchell Steven R sold 27,500 shares of the company’s common stock on Jun 11 ’24 at a price of $44.34 per share for a total of $1.22 million. Following the sale, the insider now owns 0.0 shares.
StepStone Group Inc disclosed in a document filed with the SEC on Jun 10 ’24 that Keck Thomas (Director) sold a total of 74,976 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $45.06 per share for $3.38 million. Following the transaction, the insider now directly holds 0.12 million shares of the STEP stock.
Still, SEC filings show that on Jun 12 ’24, Keck Thomas (Director) disposed off 13,050 shares at an average price of $45.32 for $0.59 million. The insider now directly holds 100,750 shares of StepStone Group Inc (STEP).
