StepStone Group (STEP) Set to Announce Earnings on Monday

StepStone Group (NASDAQ:STEP) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect StepStone Group to post earnings of $0.30 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

StepStone Group (NASDAQ:STEP) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $178.01 million during the quarter, compared to analyst estimates of $160.14 million. On average, analysts expect StepStone Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

StepStone Group Price Performance

StepStone Group stock opened at $29.00 on Friday. StepStone Group has a 1-year low of $19.83 and a 1-year high of $32.38. The stock has a market cap of $3.17 billion, a PE ratio of 138.10 and a beta of 1.37. The stock’s fifty day moving average is $30.28 and its two-hundred day moving average is $26.74.

Analyst Ratings Changes

A number of analysts have recently commented on STEP shares. TheStreet upgraded StepStone Group from a “d+” rating to a “c-” rating in a research report on Monday, August 7th. Barclays lifted their target price on StepStone Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, September 11th. Royal Bank of Canada lifted their target price on StepStone Group from $5.00 to $5.50 and gave the stock a “sector perform” rating in a research report on Friday. The Goldman Sachs Group lifted their target price on StepStone Group from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, August 4th. Finally, Morgan Stanley lifted their target price on StepStone Group from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, StepStone Group has a consensus rating of “Hold” and a consensus price target of $27.10.

Insider Buying and Selling

In related news, CAO David Y. Park sold 2,541 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $32.02, for a total transaction of $81,362.82. Following the transaction, the chief accounting officer now owns 27,864 shares of the company’s stock, valued at $892,205.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO David Y. Park sold 2,541 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $32.02, for a total transaction of $81,362.82. Following the transaction, the chief accounting officer now owns 27,864 shares of the company’s stock, valued at $892,205.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason P. Ment sold 3,598 shares of StepStone Group stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $31.03, for a total value of $111,645.94. Following the completion of the sale, the insider now directly owns 70,568 shares in the company, valued at approximately $2,189,725.04. The disclosure for this sale can be found here. Insiders have sold a total of 135,419 shares of company stock valued at $4,274,996 over the last quarter. 19.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On StepStone Group

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in StepStone Group by 116.8% in the 2nd quarter. Wells Fargo & Company MN now owns 23,938 shares of the company’s stock valued at $594,000 after purchasing an additional 12,895 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in StepStone Group by 37.6% in the 2nd quarter. Natixis Advisors L.P. now owns 24,463 shares of the company’s stock valued at $607,000 after purchasing an additional 6,685 shares in the last quarter. Walleye Capital LLC boosted its holdings in StepStone Group by 2.2% in the 2nd quarter. Walleye Capital LLC now owns 52,984 shares of the company’s stock valued at $1,315,000 after purchasing an additional 1,124 shares in the last quarter. XTX Topco Ltd purchased a new stake in StepStone Group in the 2nd quarter valued at approximately $359,000. Finally, Point72 Middle East FZE purchased a new stake in shares of StepStone Group during the 2nd quarter worth approximately $164,000. Hedge funds and other institutional investors own 55.54% of the company’s stock.

StepStone Group Company Profile

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.