While StepStone Group Inc has underperformed by -0.55%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, STEP rose by 141.49%, with highs and lows ranging from $70.38 to $24.97, whereas the simple moving average jumped by 41.81% in the last 200 days.
On April 11, 2024, JP Morgan Upgraded StepStone Group Inc (NASDAQ: STEP) to Overweight. A report published by Oppenheimer on March 20, 2024, Initiated its previous ‘Outperform’ rating for STEP. BofA Securities also rated STEP shares as ‘Buy’, setting a target price of $42 on the company’s shares in an initiating report dated September 07, 2022. Barclays Initiated an Equal Weight rating on August 31, 2022, and assigned a price target of $33. Morgan Stanley July 19, 2022d its ‘Overweight’ rating to ‘Equal-Weight’ for STEP, as published in its report on July 19, 2022. Evercore ISI’s report from December 22, 2021 suggests a price prediction of $48 for STEP shares, giving the stock a ‘Outperform’ rating. UBS also rated the stock as ‘Neutral’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of StepStone Group Inc (STEP)
It’s important to note that STEP shareholders are currently getting $0.87 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 42.88%, showing a positive trend in the upcoming months.
StepStone Group Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 6.97% is sufficient for you to turn a profit off your investment.
For any stock, average volume can be an extremely valuable indicator of volatility, and STEP is registering an average volume of 631.55K. On a monthly basis, the volatility of the stock is set at 3.59%, whereas on a weekly basis, it is put at 4.06%, with a loss of -4.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $69.14, showing growth from the present price of $65.00, which can serve as yet another indication of whether STEP is worth investing in or should be passed over.
How Do You Analyze StepStone Group Inc Shares?
A giant in the Asset Management market, StepStone Group Inc (STEP) is based in the USA. When comparing StepStone Group Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 104.80, there is a growth in quarterly earnings of -38.47%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.34%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.76% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
STEP shares are owned by institutional investors to the tune of 91.76% at present.
