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NASDAQ:STEP

StepStone Group (STEP) Stock Price, News & Analysis

$60.97
+1.81 (+3.06%)
(As of 10/16/2024 ET)

About StepStone Group Stock (NASDAQ:STEP)

Key Stats

Today's Range
$59.78
$61.35
50-Day Range
$46.39
$60.97
52-Week Range
$25.06
$61.39
Volume
799,079 shs
Average Volume
576,166 shs
Market Capitalization
$6.75 billion
P/E Ratio
80.22
Dividend Yield
1.57%
Price Target
$53.44
Consensus Rating
Hold

Company Overview

StepStone Group Inc. is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, Europe, Australia and Asia.

StepStone Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
70th Percentile Overall Score

STEP MarketRank™: 

StepStone Group scored higher than 70% of companies evaluated by MarketBeat, and ranked 18th out of 44 stocks in the financial services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    StepStone Group has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    StepStone Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about StepStone Group's stock forecast and price target.
  • Earnings Growth

    Earnings for StepStone Group are expected to grow by 18.03% in the coming year, from $1.83 to $2.16 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of StepStone Group is 80.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.00.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of StepStone Group is 80.22, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 397.94.

  • Price to Book Value per Share Ratio

    StepStone Group has a P/B Ratio of 4.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about StepStone Group's valuation and earnings.
  • Percentage of Shares Shorted

    2.59% of the outstanding shares of StepStone Group have been sold short.
  • Short Interest Ratio / Days to Cover

    StepStone Group has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in StepStone Group has recently increased by 14.80%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    StepStone Group pays a meaningful dividend of 1.60%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    StepStone Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of StepStone Group is 106.67%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, StepStone Group will have a dividend payout ratio of 44.44% next year. This indicates that StepStone Group will be able to sustain or increase its dividend.

  • Read more about StepStone Group's dividend.
  • Percentage of Shares Shorted

    2.59% of the outstanding shares of StepStone Group have been sold short.
  • Short Interest Ratio / Days to Cover

    StepStone Group has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in StepStone Group has recently increased by 14.80%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    StepStone Group has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Financial Services companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for StepStone Group this week, compared to 4 articles on an average week.
  • Search Interest

    2 people have searched for STEP on MarketBeat in the last 30 days.
  • MarketBeat Follows

    Only 2 people have added StepStone Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, StepStone Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    19.89% of the stock of StepStone Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    55.54% of the stock of StepStone Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about StepStone Group's insider trading history.
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STEP Stock News Headlines

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If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Bull of the Day: StepStone Group (STEP)
See More Headlines

STEP Stock Analysis - Frequently Asked Questions

StepStone Group's stock was trading at $31.83 at the start of the year. Since then, STEP shares have increased by 91.5% and is now trading at $60.97.
View the best growth stocks for 2024 here
.

StepStone Group LP (NASDAQ:STEP) posted its earnings results on Thursday, August, 8th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.13. The business's quarterly revenue was up 4.7% compared to the same quarter last year.

StepStone Group (STEP) raised $280 million in an IPO on Wednesday, September 16th 2020. The company issued 17,500,000 shares at $15.00-$17.00 per share. JPMorgan, Goldman Sachs, Morgan Stanley, Barclays and UBS Investment Bank acted as the underwriters for the IPO.

Top institutional shareholders of StepStone Group include Creative Planning (0.02%), Private Advisory Group LLC (0.02%), Handelsbanken Fonder AB (0.01%) and SG Americas Securities LLC (0.01%). Insiders that own company stock include James Lim, Thomas Keck, Michael I Mccabe, Jason P Ment, David F Hoffmeister, David Y Park, Steven R Mitchell, Anthony Keathley, Arg Private Equity, Llc, Scott W Hart, Robert Waldo and Johnny D Randel.
View institutional ownership trends
.

Shares of STEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that StepStone Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Broadcom (AVGO), Tesla (TSLA) and Palo Alto Networks (PANW).

Company Calendar

Last Earnings
8/08/2024
Ex-Dividend for 9/13 Dividend
8/30/2024
Dividend Payable
9/13/2024
Today
10/16/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
Trading
Current Symbol
NASDAQ:STEP
Fax
N/A
Employees
1,010
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$53.44
High Stock Price Target
$73.00
Low Stock Price Target
$5.50
Potential Upside/Downside
-12.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$58.09 million
Pretax Margin
26.69%

Debt

Sales & Book Value

Annual Sales
$720.02 million
Cash Flow
$1.83 per share
Book Value
$14.95 per share

Miscellaneous

Free Float
90,243,000
Market Cap
$6.75 billion
Optionable
Not Optionable
Beta
1.28
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This page (NASDAQ:STEP) was last updated on 10/17/2024 by MarketBeat.com Staff
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