StepStone Group Inc (NASDAQ:STEP) price on Friday, February 28, rose 3.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $60.16.
A look at the stock’s price movement, the close in the last trading session was $58.24. Turning to its 52-week performance, $70.38 and $32.46 were the 52-week high and 52-week low respectively. Overall, STEP moved -5.96% over the past month.
StepStone Group Inc’s market cap currently stands at around $6.98 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 1.14, with its dividend yield at 1.89%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 226.24M for the company’s revenue for the quarter, with a low and high estimate of 220.85M and 231.64M respectively. The average forecast suggests up to a 27.56% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 888.51M, representing a 33.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that STEP is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 4 recommend STEP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
STEP’s current price about -1.97% and -1.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.40, while 7-day volatility ratio is 3.76% and 3.71% in the 30-day chart. Further, StepStone Group Inc (STEP) has a beta value of 1.34, and an average true range (ATR) of 2.30. Analysts have given the company’s stock an average 52-week price target of $55, forecast between a low of $55 and high of $55. Looking at the price targets, the low is 8.58% off current price level while to achieve the yearly target high, price needs to move 8.58%. Nonetheless, investors will most likely welcome a 8.58% jump to $55 which is the analysts’ median price.
If we refocus on StepStone Group Inc (NASDAQ:STEP), historical trading data shows that trading volumes averaged 555.80K over the past 3 months. The company’s latest data on shares outstanding shows there are 75.84 million shares.
The 13.84% of StepStone Group Inc’s shares are in the hands of company insiders while institutional holders own 90.19% of the company’s shares. Current price change has pushed the stock 3.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the STEP stock continues to rise going into the next quarter.
