Barclays Remains a Hold on StepStone Group (STEP)
In a report released today, Benjamin Budish from Barclays maintained a Hold rating on StepStone Group, with a price target of $71.00.
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According to TipRanks, Budish is a 5-star analyst with an average return of 17.0% and a 65.44% success rate. Budish covers the Financial sector, focusing on stocks such as CME Group, Interactive Brokers, and Robinhood.
Currently, the analyst consensus on StepStone Group is a Moderate Buy with an average price target of $76.00.
Based on StepStone Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $454.23 million and a GAAP net loss of $366.14 million. In comparison, last year the company earned a revenue of $271.68 million and had a net profit of $17.63 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STEP in relation to earlier this year.
Read More on STEP:
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- Stepstone Group appoints Lindsay Creedon as head of private equity
- Stepstone Group Private Wealth launches StepStone Private Equity Strategies Fund
- Stepstone Group price target raised to $85 from $83 at Oppenheimer
- StepStone Group’s Earnings Call: Growth Amidst Challenges
- Stepstone Group price target lowered to $69 from $70 at Barclays
