StepStone Group (NASDAQ:STEP) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised its price target on StepStone Group from $62 to $65 and maintained an “overweight” rating, implying about 35% upside from the stock’s current price.
• StepStone reported quarterly EPS of $0.66, beating the $0.55 consensus, while revenue of $362.71 million exceeded analysts’ $324.84 million estimate.
• Shares rose 12.4% on Friday to $48.12. Analysts overall rate the stock “Moderate Buy,” with a consensus price target of $66.44.

StepStone Group (NASDAQ:STEP - Get Free Report) had its target price upped by research analysts at Barclays from $62.00 to $65.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 35.08% from the stock's current price.

STEP has been the topic of a number of other research reports. Wall Street Zen downgraded StepStone Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. BMO Capital Markets reduced their target price on shares of StepStone Group from $58.00 to $48.00 and set an "outperform" rating for the company in a report on Tuesday, October 27th. Oppenheimer reduced their target price on shares of StepStone Group from $90.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, August 27th. Morgan Stanley set a $61.00 price target on shares of StepStone Group in a research report on Friday, October 16th. Finally, Evercore restated an "outperform" rating and issued a $56.00 price target on shares of StepStone Group in a report on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $66.44.

StepStone Group Stock Up 12.4%

NASDAQ STEP traded up $5.31 during midday trading on Friday, hitting $48.12. 442,014 shares of the company traded hands, compared to its average volume of 1,201,688. StepStone Group has a 52 week low of $38.85 and a 52 week high of $77.79. The company's 50-day simple moving average is $45.68 and its 200-day simple moving average is $49.03. The company has a market cap of $5.74 billion, a PE ratio of -6.22 and a beta of 1.28. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.19 and a quick ratio of 0.19.

StepStone Group (NASDAQ:STEP - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.55 by $0.11. The firm had revenue of $362.71 million during the quarter, compared to analyst estimates of $324.84 million. StepStone Group had a positive return on equity of 43.38% and a negative net margin of 30.53%. As a group, equities research analysts forecast that StepStone Group will post 2.51 earnings per share for the current year.

Institutional Trading of StepStone Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in StepStone Group in the 2nd quarter worth approximately $21,752,000. Junto Capital Management LP grew its position in StepStone Group by 26.1% during the 2nd quarter. Junto Capital Management LP now owns 1,078,672 shares of the company's stock worth $44,614,000 after purchasing an additional 222,950 shares during the last quarter. Lazard Asset Management LLC grew its position in StepStone Group by 95.6% during the 1st quarter. Lazard Asset Management LLC now owns 332,328 shares of the company's stock worth $15,859,000 after purchasing an additional 162,467 shares during the last quarter. Bank of America Corp DE increased its stake in StepStone Group by 53.6% during the 1st quarter. Bank of America Corp DE now owns 414,722 shares of the company's stock valued at $19,791,000 after purchasing an additional 144,752 shares in the last quarter. Finally, Advent International L.P. acquired a new position in StepStone Group during the 1st quarter valued at approximately $5,733,000. Hedge funds and other institutional investors own 55.54% of the company's stock.

More StepStone Group News

Here are the key news stories impacting StepStone Group this week:

• Positive Sentiment: For fiscal Q2 2027, StepStone reported earnings of $0.66 per share, up from $0.54 a year earlier and ahead of consensus estimates of roughly $0.55–$0.57. Revenue of $362.7 million also exceeded the $324.8 million estimate. The earnings and revenue beats are the clearest positive catalysts in the news. Article: StepStone Group Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The board declared a $0.33-per-share quarterly dividend, equivalent to $1.32 annually and a stated yield of about 2.8%. Shareholders of record November 30 are scheduled to be paid December 15. Article: StepStone Group dividend announcement

StepStone Group Company Profile

StepStone Group, Inc is a global investment firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, and other clients seeking exposure to privately held and alternative assets.

Its activities include investments in private equity, venture capital, private debt, infrastructure, and real estate. StepStone builds customized portfolios through primary investments in funds, secondary-market transactions, and direct investments in companies and assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.