StepStone Group (NASDAQ:STEP) Price Target Raised to $68.00

StepStone Group (NASDAQ:STEP) had its price objective increased by stock analysts at Royal Bank Of Canada from $65.00 to $68.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 41.30% from the company’s previous close.

A number of other research analysts have also recently weighed in on STEP. Morgan Stanley set a $61.00 price objective on StepStone Group in a research report on Friday, October 16th. UBS Group increased their target price on shares of StepStone Group from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Barclays raised their target price on shares of StepStone Group from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets lowered their price target on shares of StepStone Group from $58.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Finally, Wall Street Zen downgraded shares of StepStone Group from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, StepStone Group has an average rating of “Moderate Buy” and an average target price of $66.78.

StepStone Group Stock Performance

Shares of STEP stock traded up $5.32 during mid-day trading on Friday, reaching $48.12. 911,992 shares of the company’s stock traded hands, compared to its average volume of 1,203,777. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $5.74 billion, a PE ratio of -6.21 and a beta of 1.28. StepStone Group has a 12 month low of $38.85 and a 12 month high of $77.79. The firm has a 50 day moving average price of $45.68 and a two-hundred day moving average price of $49.03.

StepStone Group (NASDAQ:STEP) last announced its earnings results on Thursday, November 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.11. StepStone Group had a positive return on equity of 43.38% and a negative net margin of 30.53%. The company had revenue of $362.71 million for the quarter, compared to analysts’ expectations of $324.84 million. On average, research analysts forecast that StepStone Group will post 2.51 EPS for the current year.

Hedge Funds Weigh In On StepStone Group

A number of hedge funds have recently made changes to their positions in STEP. Hsbc Holdings PLC purchased a new stake in shares of StepStone Group during the first quarter worth about $3,898,000. Tidal Investments LLC lifted its holdings in StepStone Group by 11.8% in the 2nd quarter. Tidal Investments LLC now owns 314,523 shares of the company’s stock worth $13,009,000 after purchasing an additional 33,210 shares in the last quarter. Advent International L.P. purchased a new position in StepStone Group in the 1st quarter worth approximately $5,733,000. Engle Capital Management L.P. lifted its holdings in StepStone Group by 82.5% in the 1st quarter. Engle Capital Management L.P. now owns 237,216 shares of the company’s stock worth $11,320,000 after purchasing an additional 107,216 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in StepStone Group by 95.6% in 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 period. 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: Quarterly earnings beat estimates. StepStone reported fiscal Q2 2027 adjusted EPS of $0.66, above consensus estimates of roughly $0.55–$0.57 and up from $0.54 a year earlier. Revenue of $362.71 million also exceeded the $324.84 million estimate, supporting the stock’s advance. StepStone Q2 earnings and revenue top estimates
• Positive Sentiment: Barclays raised its price target to $65 from $62 and reiterated an Overweight rating. The higher target signals continued analyst confidence in the shares. Barclays stock recommendations
• Positive Sentiment: StepStone declared a quarterly dividend of $0.33 per share. The annualized payout is $1.32 per share; investors of record November 30 are scheduled to be paid December 15.

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.