NASDAQ:STEP

StepStone Group (STEP) Stock Forecast, Price & News

$25.16

+0.09 (+0.36%)

(As of 06/8/2023 ET)

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Today's Range: $24.78
▼
$25.24
50-Day Range: $21.10
▼
$25.07
52-Week Range: $19.83
▼
$32.12

Volume: 239,935 shs
Average Volume: 295,336 shs
Market Capitalization: $2.75 billion

P/E Ratio: N/A
Dividend Yield: 3.18%
Price Target: $32.80

StepStone Group MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 32.0% Upside
$33.20 Price Target
Short Interest: Healthy
1.03% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.93
Based on 9 Articles This Week
Insider Trading: Acquiring Shares
$2.42 M Bought Last Quarter
Proj. Earnings Growth: 34.62%
From $1.30 to $1.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Finance Sector

157th out of 860 stocks

Investment Advice Industry

8th out of 51 stocks

3.1

Analyst's Opinion

Consensus Rating
StepStone Group has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.20, StepStone Group has a forecasted upside of 32.0% from its current price of $25.16.
Amount of Analyst Coverage
StepStone Group has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.03% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in StepStone Group has recently increased by 13.42%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
StepStone Group pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
StepStone Group has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on earnings estimates, StepStone Group will have a dividend payout ratio of 45.71% next year. This indicates that StepStone Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for STEP.

2.7

News and Social Media Coverage

News Sentiment
StepStone Group has a news sentiment score of 0.93. 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 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for StepStone Group this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for STEP on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, StepStone Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,416,390.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
20.01% 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
93.82% of the stock of StepStone Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for StepStone Group are expected to grow by 34.62% in the coming year, from $1.30 to $1.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of StepStone Group is -81.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of StepStone Group is -81.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
StepStone Group has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About StepStone Group (NASDAQ:STEP) Stock

StepStone Group Inc. 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, 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 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.

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STEP Stock News Headlines

May 31, 2023 | marketbeat.com

3 Late-Season Earnings Plays for Mid-Cap Traders (STEP)

The unusually even number of positive and negative surprises this earnings season have afforded mid-cap traders ample opportunities to make money on both sides.

June 8, 2023 | americanbankingnews.com

Insider Buying: StepStone Group Inc. (NASDAQ:STEP) Insider Acquires $589,000.00 in Stock

June 8, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

June 7, 2023 | americanbankingnews.com

Michael I. Mccabe Acquires 33,000 Shares of StepStone Group Inc. (NASDAQ:STEP) Stock

June 6, 2023 | benzinga.com

StepStone Group Insider Trades Send a Signal

June 3, 2023 | americanbankingnews.com

Insider Buying: StepStone Group Inc. (NASDAQ:STEP) Insider Buys $1,074,000.00 in Stock

May 30, 2023 | finance.yahoo.com

StepStone Real Estate Named Consultancy of the Year By IPE Real Estate for Second Consecutive Year

May 28, 2023 | americanbankingnews.com

Brokerages Set StepStone Group Inc. (NASDAQ:STEP) Price Target at $33.40

June 8, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

May 26, 2023 | americanbankingnews.com

StepStone Group Inc. Announces Variable Dividend of $0.45 (NASDAQ:STEP)

May 25, 2023 | finanznachrichten.de

StepStone Group Inc: StepStone Group Reports Fourth Quarter And Fiscal Year 2023 Results

May 25, 2023 | markets.businessinsider.com

StepStone Group (STEP) Gets a Hold from Barclays

May 25, 2023 | finance.yahoo.com

Q4 2023 StepStone Group Inc Earnings Call

May 25, 2023 | americanbankingnews.com

StepStone Group (NASDAQ:STEP) Posts Earnings Results, Misses Expectations By $0.04 EPS

May 25, 2023 | americanbankingnews.com

Barclays Cuts StepStone Group (NASDAQ:STEP) Price Target to $25.00

May 24, 2023 | msn.com

Recap: StepStone Group Q4 Earnings

May 24, 2023 | finance.yahoo.com

StepStone Group Reports Fourth Quarter And Fiscal Year 2023 Results

May 22, 2023 | americanbankingnews.com

StepStone Group (STEP) Set to Announce Quarterly Earnings on Wednesday

May 17, 2023 | uk.movies.yahoo.com

The Stepstone Group strengthens global expertise in technology and Artificial Intelligence with new CTO Thierry Bedos (news with additional features)

May 10, 2023 | markets.businessinsider.com

Darling Ingredients Announces Executive Management Team Changes

May 10, 2023 | finance.yahoo.com

StepStone Group to Announce Fourth Quarter and Fiscal 2023 Results on May 24, 2023

May 5, 2023 | americanbankingnews.com

Analysts Set StepStone Group Inc. (NASDAQ:STEP) Target Price at $33.40

May 3, 2023 | msn.com

StepStone Group: A Concerning Valuation Story

April 22, 2023 | americanbankingnews.com

Morgan Stanley Trims StepStone Group (NASDAQ:STEP) Target Price to $28.00

April 20, 2023 | finance.yahoo.com

StepStone Group Publishes 2022 ESG and TCFD Reports

April 20, 2023 | msn.com

Morgan Stanley Maintains StepStone Group Inc - (STEP) Equal-Weight Recommendation

April 18, 2023 | finance.yahoo.com

StepStone Group to Host Investor Day on June 6, 2023

See More Headlines

STEP Price History

30 days | 90 days | 365 days | Advanced Chart

STEP Company Calendar

Ex-Dividend for 3/15 Dividend: 2/27/2023
Dividend Payable: 3/15/2023
Last Earnings: 5/24/2023
Today: 6/08/2023
Ex-Dividend for 6/30 Dividend: 6/14/2023
Dividend Payable: 6/30/2023
Next Earnings (Estimated): 8/03/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Investment advice
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:STEP
CUSIP: N/A
CIK: 1796022
Web: www.stepstoneglobal.com
Phone: 212-351-6100
Fax: N/A
Employees: 758
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $33.20
High Stock Price Forecast: $42.00
Low Stock Price Forecast: $27.00
Forecasted Upside/Downside: +30.4%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.31)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 19.35
P/E Growth: N/A
Net Income: $-18,400,000.00
Net Margins: N/A
Pretax Margin: 5.52%
Return on Equity: 8.61%
Return on Assets: 3.94%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.13
Quick Ratio: 0.13

Sales & Book Value

Annual Sales: $1.37 billion
Price / Sales: 2.01
Cash Flow: $1.78 per share
Price / Cash Flow: 14.16
Book Value: $14.91 per share
Price / Book: 1.69

Miscellaneous

Outstanding Shares: 109,250,000
Free Float: 87,393,000
Market Cap: $2.75 billion
Optionable: Not Optionable
Beta: 1.36

Key Executives

Mr. Scott Hart (Age 43)
CEO, Head of Private Equity & Director
Comp: $6.01M

Mr. Jason P. Ment J.D. (Age 46)
Pres & Co-COO
Comp: $4.81M

Mr. Johnny D. Randel (Age 58)
Chief Financial Officer
Comp: $3.56M

Mr. Jose A. Fernandez J.D. (Age 52)
CO-COO & Director
Comp: $6.3M

Mr. Michael I. McCabe (Age 54)
Head of Strategy & Director
Comp: $8.91M

Mr. John Kettnich CFA (Age 41)
Partner

Mr. Weichou Su (Age 65)
Partner

Mr. Darren M. Friedman (Age 55)
Partner

Mr. David T. Jeffrey (Age 53)
Head of European Bus.

Ms. Lindsay Creedon (Age 46)
Partner

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

STEP Stock - Frequently Asked Questions

Should I buy or sell StepStone Group stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for StepStone Group in the last twelve months. There are currently 4 hold ratings and 1 buy rating 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 forecast for 2023?: 5 Wall Street research analysts have issued 12 month target prices for StepStone Group's stock. Their STEP share price forecasts range from $27.00 to $42.00. On average, they expect the company's stock price to reach $33.20 in the next twelve months. This suggests a possible upside of 32.0% from the stock's current price.
View analysts price targets for STEP or view top-rated stocks among Wall Street analysts.
How have STEP shares performed in 2023?: StepStone Group's stock was trading at $25.18 at the beginning of 2023. Since then, STEP stock has decreased by 0.1% and is now trading at $25.16.
View the best growth stocks for 2023 here.
When is StepStone Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our STEP earnings forecast.
How were StepStone Group's earnings last quarter?: StepStone Group Inc. (NASDAQ:STEP) released its quarterly earnings results on Wednesday, May, 24th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.04. The company earned $152.94 million during the quarter, compared to the consensus estimate of $145.36 million. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 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 23rd. Investors of record on Thursday, June 15th will be given a dividend of $0.45 per share on Friday, June 30th. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for STEP.
What ETFs hold StepStone Group's stock?: ETFs with the largest weight of StepStone Group (NASDAQ:STEP) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Invesco Global Listed Private Equity ETF (PSP), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and
Is StepStone Group a good dividend stock?: StepStone Group (NASDAQ:STEP) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.24%.
Read our dividend analysis for STEP.

When did StepStone Group IPO?: (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 acted as the underwriters for the IPO.
What is StepStone Group's stock symbol?: StepStone Group trades on the NASDAQ under the ticker symbol "STEP."
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 Wellington Management Group LLP (5.03%), JPMorgan Chase & Co. (3.94%), BlackRock Inc. (3.41%), Wasatch Advisors LP (2.63%), FMR LLC (2.41%) and Fred Alger Management LLC (2.28%). Insiders that own company stock include Arg Private Equity, Llc, Darren M Friedman, David Y Park, James Lim, Johnny D Randel, Jose A Fernandez, Mark Maruszewski, Michael I Mccabe, Robert Waldo, Scott W Hart, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is StepStone Group's stock price today?: One share of STEP stock can currently be purchased for approximately $25.16.
How much money does StepStone Group make?: StepStone Group (NASDAQ:STEP) has a market capitalization of $2.75 billion and generates $1.37 billion in revenue each year. The company earns $-18,400,000.00 in net income (profit) each year or ($0.31) on an earnings per share basis.
How many employees does StepStone Group have?: The company employs 758 workers across the globe.
How can I contact StepStone Group?: StepStone Group's mailing address is 450 LEXINGTON AVENUE 31ST FLOOR, NEW YORK NY, 10017. The official website for the company is www.stepstoneglobal.com. The company can be reached via phone at 212-351-6100.

This page (NASDAQ:STEP) was last updated on 6/8/2023 by MarketBeat.com Staff

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