StepStone Group (NASDAQ:STEP – Get Rating) issued its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02), Briefing.com reports. The company had revenue of $145.11 million during the quarter, compared to analyst estimates of $164.36 million. StepStone Group had a net margin of 13.97% and a return on equity of 12.38%. The business’s revenue for the quarter was up 43.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS.
STEP opened at $27.92 on Friday. The company has a fifty day moving average price of $28.50 and a two-hundred day moving average price of $34.94. StepStone Group has a 52 week low of $22.39 and a 52 week high of $55.19. The firm has a market capitalization of $3.02 billion, a PE ratio of 6.12 and a beta of 1.77.
A number of analysts recently weighed in on STEP shares. TheStreet lowered shares of StepStone Group from a “c-” rating to a “d+” rating in a report on Friday, April 29th. Morgan Stanley lowered their price target on shares of StepStone Group from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, April 20th. Finally, Zacks Investment Research lowered shares of StepStone Group from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, StepStone Group presently has a consensus rating of “Hold” and an average price target of $46.00.
About StepStone Group (Get Rating)
StepStone Group Inc 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, and buyout investments in mature and middle market companies.
- Get a free copy of the StockNews.com research report on StepStone Group (STEP)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
Receive News & Ratings for StepStone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StepStone Group and related companies with MarketBeat.com's FREE daily email newsletter.