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NASDAQ:STEP

StepStone Group (STEP) Stock Price, News & Analysis

$45.67
+0.25 (+0.55%)
(As of 06/27/2024 ET)
Today's Range
$44.89
$45.91
50-Day Range
$35.34
$45.42
52-Week Range
$23.24
$46.82
Volume
529,353 shs
Average Volume
530,388 shs
Market Capitalization
$5.05 billion
P/E Ratio
50.75
Dividend Yield
1.84%
Price Target
$36.64

StepStone Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
19.8% Downside
$36.64 Price Target
Short Interest
Healthy
1.74% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.88mentions of StepStone Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.22 M Sold Last Quarter
Proj. Earnings Growth
22.35%
From $1.70 to $2.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.92 out of 5 stars

Finance Sector

503rd out of 860 stocks

Investment Advice Industry

31st out of 47 stocks

STEP stock logo

About StepStone Group Stock (NASDAQ:STEP)

StepStone Group LP. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, private equity and 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, consumer staples, financials, telecommunication services, energy, infrastructure, real estate, 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. It typically invests between $15 million and $200 million in firms with enterprise value between $150 million and $25000 million. 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 LP. was founded in 2007 and is based in LA Jolla, California with additional offices across North America, South America, Europe, Australia, Asia, New York, New York.

STEP Stock Price History

STEP Stock News Headlines

Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
StepStone Group (NASDAQ:STEP) PT Raised to $44.00 at UBS Group
Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Stepstone Group Inc (STEP)
See More Headlines
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Company Calendar

Last Earnings
5/23/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Today
6/27/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
N/A
Current Symbol
NASDAQ:STEP
Fax
N/A
Employees
980
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.64
High Stock Price Target
$49.00
Low Stock Price Target
$5.50
Potential Upside/Downside
-19.3%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$58.09 million
Pretax Margin
27.46%

Debt

Sales & Book Value

Annual Sales
$711.63 million
Cash Flow
$1.79 per share
Book Value
$14.95 per share

Miscellaneous

Free Float
88,639,000
Market Cap
$5.03 billion
Optionable
Not Optionable
Beta
1.27
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STEP Stock Analysis - Frequently Asked Questions

Should I buy or sell StepStone Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for StepStone Group in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STEP, but not buy additional shares or sell existing shares.
View STEP analyst ratings
or view top-rated stocks.

What is StepStone Group's stock price target for 2024?

7 brokerages have issued 12-month price targets for StepStone Group's shares. Their STEP share price targets range from $5.50 to $49.00. On average, they predict the company's stock price to reach $36.64 in the next twelve months. This suggests that the stock has a possible downside of 19.8%.
View analysts price targets for STEP
or view top-rated stocks among Wall Street analysts.

How have STEP shares performed in 2024?

StepStone Group's stock was trading at $31.83 at the start of the year. Since then, STEP shares have increased by 43.5% and is now trading at $45.67.
View the best growth stocks for 2024 here
.

When is StepStone Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our STEP earnings forecast
.

How were StepStone Group's earnings last quarter?

StepStone Group LP (NASDAQ:STEP) announced its earnings results on Thursday, May, 23rd. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. The business earned $177.36 million during the quarter, compared to the consensus estimate of $162.47 million. StepStone Group's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share.

How often does StepStone Group pay dividends? What is the dividend yield for StepStone Group?

StepStone Group declared a Variable dividend on Tuesday, May 21st. Investors of record on Friday, June 14th will be paid a dividend of $0.36 per share on Friday, June 28th. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for STEP
.

Is StepStone Group a good dividend stock?

StepStone Group (NASDAQ:STEP) pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.86%. The dividend payout ratio is 93.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, STEP will have a dividend payout ratio of 40.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STEP.

When did StepStone Group IPO?

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

Who are StepStone Group's major shareholders?

StepStone Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.78%), Wasatch Advisors LP (2.67%), Price T Rowe Associates Inc. MD (0.77%), William Blair Investment Management LLC (0.55%), Lazard Asset Management LLC (0.26%) and Public Employees Retirement System of Ohio (0.13%). Insiders that own company stock include Anthony Keathley, Arg Private Equity, Llc, David F Hoffmeister, David Y Park, James Lim, Jason P Ment, Johnny D Randel, Michael I Mccabe, Robert Waldo, Scott W Hart, Steven R Mitchell, Steven R Mitchell and Thomas Keck.
View institutional ownership trends
.

How do I buy shares of StepStone Group?

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.

This page (NASDAQ:STEP) was last updated on 6/27/2024 by MarketBeat.com Staff

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