StepStone Group’s third-quarter results outpaced Wall Street’s expectations, with revenue and non-GAAP profit both above consensus. Management linked this performance to robust client demand and record inflows across its Private Wealth platform, notably driven by the successful launch of new products and expansion into international markets. CEO Scott Hart emphasized that the firm’s customized approach and long-standing client relationships, particularly in managed accounts, were instrumental in maintaining fundraising momentum despite broader industry headwinds. The quarter also saw StepStone leveraging its data and technology capabilities to enhance client offerings and reinforce its position in the private markets ecosystem.
The best-performing stocks typically have robust sales growth, increasing margins, and rising returns on capital,
and those that can maintain this trifecta year in and year out often become the legends of the investing world.
A number of stocks jumped in the afternoon session after investors continued to pile into value-oriented names amid growing valuation concerns. This shift reflected growing caution over high valuations within the technology and artificial intelligence (AI) spheres. As market participants reassessed risk, they reallocated capital from growth-heavy indices, like the Nasdaq, to companies in areas like industrials and financials, perceived to be more reasonably priced.
Contributing to the positive momentum, markets remained hopeful that a prolonged 40-day government shutdown would be over.
The U.S. Senate approved a compromise funding package, which was pending a vote in the House. The potential end to the shutdown brought a sense of relief to markets.
Private markets investment firm StepStone Group (NASDAQ:STEP) reported Q3 CY2025 results beating Wall Street’s revenue expectations, with sales up 35.2% year on year to $282.3 million. Its non-GAAP profit of $0.54 per share was 10.6% above analysts’ consensus estimates.
Private markets investment firm StepStone Group (NASDAQ:STEP) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 118% year on year to $454.2 million. Its non-GAAP profit of $0.54 per share was 10.6% above analysts’ consensus estimates.
StepStone Group trades at $64.55 per share and has stayed right on track with the overall market, gaining 28.5% over the last six months. At the same time, the S&P 500 has returned 23.9%.
Shares of private markets investment firm StepStone Group (NASDAQ:STEP) jumped 4.2% in the afternoon session after BMO Capital initiated coverage on the company with an Outperform rating and a price target of $74.
Let’s dig into the relative performance of StepStone Group (NASDAQ:STEP) and its peers as we unravel the now-completed Q2 custody bank earnings season.
A number of stocks fell in the afternoon session after the U.S. government hurtled toward a potential shutdown, sparking economic uncertainty and weighing on investor confidence.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
StepStone Group Inc's (NYSE: STEP) short interest as a percent of float has fallen 6.79% since its last report. According to exchange reported data, there are now 2.33 million shares sold short, which is 3.43% of all regular shares that are available for trading.
Goldman Sachs: StepStone (STEP) is a fast-growing private markets player, with underappreciated earnings potential. Upgraded to Buy with a $83 price target.
Shares of private markets investment firm StepStone Group (NASDAQ:STEP) jumped 7.8% in the morning session after Goldman Sachs upgraded the stock to Buy from Neutral and raised its price target, citing a strong growth outlook.
Shares of private markets investment firm StepStone Group (NASDAQ:STEP) fell 2% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
