Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Stepstone Group Inc before investing.

In this article, we go over a few key elements for understanding Stepstone Group Inc’s stock price such as:

• Stepstone Group Inc’s current stock price and volume
• Why Stepstone Group Inc’s stock price changed recently
• Upgrades and downgrades for STEP from analysts
• STEP’s stock price momentum as measured by its relative strength

About Stepstone Group Inc (STEP)

Before we jump into Stepstone Group Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

StepStone Group Inc. is a private markets investment firm. The Company is focused on providing customized investment solutions and advisory, data and administrative services to its clients. It partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. Its portfolios utilize several types of synergistic investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market and investing directly into companies. Its solutions are offered across various commercial structures, including separately managed accounts, focused commingled funds, advisory, data and administrative services, and portfolio analytics and reporting. Its advisory, data and administrative services include recurring support of portfolio construction and design, and discrete or project-based due diligence.

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Stepstone Group Inc’s Stock Price as of Market Close

As of August 09, 2024, 4:00 PM, CST, Stepstone Group Inc’s stock price was $49.96.

Stepstone Group Inc is up 7.7% from its previous closing price of $46.39.

During the last market session, Stepstone Group Inc’s stock traded between $45.14 and $47.67. Currently, there are 64.19 million shares of Stepstone Group Inc stock available for purchase.

Stepstone Group Inc’s price-earnings (P/E) ratio is currently at 50.6, which is high compared to the Investment Management & Fund Operators industry median of 13.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Stepstone Group Inc Stock Price History

Stepstone Group Inc’s (STEP) price is currently down 0.6% so far this month.

During the month of August, Stepstone Group Inc’s stock price has reached a high of $50.81 and a low of $43.87.

Over the last year, Stepstone Group Inc has hit prices as high as $51.07 and as low as $25.06. Year to date, Stepstone Group Inc’s stock is up 98.41%.

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What Caused Stepstone Group Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 08, 2024, there were 0 analysts who downgraded Stepstone Group Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Stepstone Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Stepstone Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Stepstone Group Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Stepstone Group Inc (STEP) by visiting AAII Stock Evaluator.

Relative Price Strength of Stepstone Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 08, 2024, Stepstone Group Inc has a weighted four-quarter relative price strength of 10.11%, which translates to a Momentum Score of 89 and is considered to be Very Strong.

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Stepstone Group Inc Stock Price: Bottom Line

As of August 9, 2024, Stepstone Group Inc’s stock price is $49.96, which is up 7.7% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Stepstone Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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