Stepstone Group, Inc. (STEP)
NASDAQ:STEP
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STEP Stock Chart & Stats
$54.97
$1.16(1.97%)
At close: 4:00 PM EST
$54.97
$1.16(1.97%)
Day’s Range― - ―
52-Week Range$40.58 - $77.80
Previous CloseN/A
Volume65.61K
Average Volume (3M)1.13M
Market Cap
$5.14B
Enterprise Value$6.35B
Total Cash (Recent Filing)$1.12B
Total Debt (Recent Filing)$1.31B
Price to Earnings (P/E)―
Beta1.50
Next Earnings
Aug 06, 2026EPS Estimate
0.53Next Dividend Ex-DateN/A
Dividend Yield2.17%
Share Statistics
EPS (TTM)-6.80
Shares Outstanding80,706,665
10 Day Avg. Volume1,640,302
30 Day Avg. Volume1,126,844
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)-9.27
Price to Sales (P/S)1.92
P/FCF Ratio60.00
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue3.19
Enterprise Value/Gross Profit6.25
Enterprise Value/Ebitda-7.68
Forecast
1Y Price Target
$71.43Price Target Upside29.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)2.47
Revenue Forecast (FY)$1.39B
Bulls Say, Bears Say
Bulls Say
Strong Fundraising & AUM GrowthStepStone's record fundraising ($14B quarter, $38B year) and 21% organic CAGR since FY21 expand the firm’s fee-bearing base and scale. Durable inflows increase recurring management fees, enable cross-selling across product suites, and create a sizable pipeline to convert into long-term fee revenue.
Fee-Related Earnings & Margin ExpansionSustained FRE growth and materially higher FRE margins demonstrate operating leverage in a fee-centric model. Higher margins improve cash generation per AUM dollar, making earnings less dependent on volatile performance income and supporting reinvestment, dividends and buybacks over time.
Consistent Positive Free Cash FlowConsistent positive operating and free cash flow, including a sharp FCF increase in 2026, indicates strong cash conversion even with accounting losses. This durable cash generation supports capital returns, selective buybacks, dividend policy and provides liquidity for investing or balance-sheet repair.
Bears Say
Weakened Balance Sheet & Negative EquityA material rise in debt and negative shareholders’ equity reduce financial flexibility and heighten refinancing risk. For an asset manager, weaker capital structure limits the ability to fund opportunistic investments, absorb market shocks, and may raise borrowing costs and counterparty concerns.
Deteriorated Profitability / GAAP Net LossesThe shift from multi-year positive margins to sustained GAAP losses undermines earnings resilience and could compress incentive fees. Continued losses reduce retained earnings and may limit flexibility to sustain dividends or invest in growth if performance-related income does not rebound.
Execution Risk Converting Large Undeployed CapitalA $40bn undeployed capital stockpile boosts future fee potential but creates execution and timing risk. Slow deployment, poor market entry, or concentration risk could delay fee realization and depress future performance fees, making near-term growth dependent on successful multi-quarter activation.
StepStone Group News
STEP FAQ
What was Stepstone Group, Inc.’s price range in the past 12 months?
Stepstone Group, Inc. lowest stock price was $40.58 and its highest was $77.80 in the past 12 months.
What is Stepstone Group, Inc.’s market cap?
Stepstone Group, Inc.’s market cap is $5.14B.
When is Stepstone Group, Inc.’s upcoming earnings report date?
Stepstone Group, Inc.’s upcoming earnings report date is Aug 06, 2026 which is in 56 days.
How were Stepstone Group, Inc.’s earnings last quarter?
Stepstone Group, Inc. released its earnings results on May 20, 2026. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.522 by $0.048.
Is Stepstone Group, Inc. overvalued?
According to Wall Street analysts Stepstone Group, Inc.’s price is currently Undervalued.
Does Stepstone Group, Inc. pay dividends?
Stepstone Group, Inc. pays a Quarterly dividend of $0.83 which represents an annual dividend yield of 2.17%. See more information on Stepstone Group, Inc. dividends here
What is Stepstone Group, Inc.’s EPS estimate?
Stepstone Group, Inc.’s EPS estimate is 0.53.
How many shares outstanding does Stepstone Group, Inc. have?
Stepstone Group, Inc. has 80,706,665 shares outstanding.
What happened to Stepstone Group, Inc.’s price movement after its last earnings report?
Stepstone Group, Inc. reported an EPS of $0.57 in its last earnings report, beating expectations of $0.522. Following the earnings report the stock price went up 5.269%.
Which hedge fund is a major shareholder of Stepstone Group, Inc.?
Currently, no hedge funds are holding shares in STEP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
StepStone Group Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$71.43 (29.94% Upside)
$71.43 (29.94% Upside)
Blogger Sentiment
Bullish
STEP Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 172.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 2.4%
Last 30 Days ▲ 2.4%
News Sentiment
Bearish
Bullish news 39%
Bearish news 67%
Bearish news 67%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.50%
12-Months-Change
Fundamentals
Return on Equity
245.82%
Trailing 12-Months
Asset Growth
47.44%
Trailing 12-Months
Company Description
Stepstone Group, Inc.
StepStone Group Inc., a global investment firm established in New York in 2007, employs a comprehensive approach to capital deployment, specializing in direct investments, fund-of-funds strategies, and secondary transactions (both direct and indirect). As part of its direct investment strategy, StepStone seeks opportunities across the full corporate lifecycle. This includes seed and early-stage venture capital, mid and late-stage growth equity, venture debt, and more mature investments such as mezzanine financing, distressed situations, turnarounds, recapitalizations, industry consolidations, and buyouts of both middle-market and established companies. The firm's sector preferences are remarkably diverse, spanning technology, healthcare, energy, real estate, natural resources, consumer products (durables, apparel, retail, hospitality, staples), financials, telecommunications, manufacturing, and various service industries. With a global investment mandate, StepStone focuses significantly on North America (including the United States), Europe, Asia (such as Japan, China, India, Korea, Taiwan), Latin America (Brazil, Mexico, Argentina, Colombia), the Middle East, Africa, and Australasia (Australia, New Zealand). Typical direct investments range from $15 million to $200 million, targeting companies with an enterprise value between $150 million and $25 billion. Notably, the firm allocates between 5% and 40% of its capital to emerging markets. Beyond direct stakes, StepStone's fund-of-funds approach involves committing capital to a wide array of private market vehicles. These include private equity, venture capital, special situations, real estate, infrastructure, mezzanine, and distressed/turnaround funds, encompassing both domestic and international options. The firm also actively engages in co-investments, follow-on investments, and acquiring partial interests in funds. Headquartered in New York, StepStone Group Inc. maintains a significant global footprint with additional offices across North America, South America, Europe, Australia, and Asia.
STEP Company Deck
STEP Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized multiple record operating achievements — highest-ever quarterly fee-related earnings, record fundraising ($14B quarter and $38B year), strong private wealth and credit flows, margin expansion and a sizable pipeline of undeployed capital — demonstrating robust demand and operating leverage. Offsetting items include a GAAP net loss driven by an accounting fair-value adjustment, lower performance-related earnings and softer realized performance fees due to subdued exit markets, some revenue volatility from retroactive fees, and deployment/timing risk associated with a record $40B of undeployed capital. On balance, the highlights (scaleable fee growth, margin expansion, record fundraising and product momentum) materially outweigh the lowlights, which are mostly timing, accounting-driven or execution/market-cycle risks.View all STEP earnings summariesSTEP Stock 12 Month Forecast
Average Price Target
$71.43
▲(29.94% Upside)
Technical Analysis
Affiliated Managers
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AllianceBernstein
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Invesco
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Hamilton Lane
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Janus Henderson Group
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Ownership Overview
20.87% Insiders
33.26% Mutual Funds
17.34% Other Institutional Investors
4.68% Public Companies and
Individual Investors