While StepStone Group Inc has underperformed by -2.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, STEP rose by 32.24%, with highs and lows ranging from $70.38 to $34.52, whereas the simple moving average fell by -17.41% 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’.
Analysis of StepStone Group Inc (STEP)
The current dividend for STEP investors is set at $0.93 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 2110.30%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of StepStone Group Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -26.81% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and STEP is recording an average volume of 641.89K. On a monthly basis, the volatility of the stock is set at 6.33%, whereas on a weekly basis, it is put at 4.72%, with a loss of -4.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $57.50, showing growth from the present price of $46.77, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 13.41%. 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 90.17% 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 90.17% at present.
