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Upturn AI Summary - About
Stepstone Group Inc(STEP)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for STEP
09/28/2026: STEP (1-star) is a SELL. SELL for 5 days. Simulated Profits (-5.90%). Updated daily EoD!
StepStone Group is a global alternative asset management firm providing investment advisory and management services across private equity, debt, infrastructure, and real estate. The firm's core strengths include its integrated research-driven approach and high client retention, supported by a recurring fee-based model. Its primary growth story revolves around expanding access to private markets for the massive wealth management channel. However, the company faces risks from intense competition, macroeconomic sensitivity, and the potential for fee compression. This stock may suit growth-oriented investors looking for exposure to the private markets, provided they monitor fundraising trends and the firm's ability to successfully scale its private credit and wealth distribution strategies.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company operates in the high-growth alternative asset management sector. |
| Momentum investor | Mixed fit | Momentum depends on broader market appetite for financial services and private market assets. |
| Value investor | Mixed fit | Valuation is often tied to market cycles rather than traditional book value metrics. |
| Dividend investor | Strong fit | The company provides consistent dividend payments as part of its capital return strategy. |
| Low-risk investor | Weak fit | Asset management firms are sensitive to market volatility and cyclical investment flows. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Financial stocks are susceptible to market downturns and sector-specific sentiment shifts. |
| Valuation risk | Medium | Earnings multiples can fluctuate based on interest rate expectations and AUM growth outlooks. |
| Competition risk (Alternative Asset Management) | High | Fierce competition from scaled incumbents can pressure fees and limit market share. |
| Business quality | Strong | The firm has a strong reputation and recurring fee-based revenue model. |
| Dividend income | Medium | Dividends depend on operational cash flow and investment performance realizations. |
| Execution risk | Medium | Successful growth relies on integrating acquisitions and maintaining high client retention. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 22.56% | Avg. Invested days 55 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.73B USD | Price to earnings Ratio - | 1Y Target Price 69.56 |
Price to earnings Ratio - | 1Y Target Price 69.56 | ||
Volume (30-day avg) 1.0M shares | Beta 1.28 | 52 Weeks Range 38.60 - 75.39 | Updated Date 09/27/2026 |
52 Weeks Range 38.60 - 75.39 | Updated Date 09/27/2026 | ||
Dividends yield (FY) 2.57% | Basic EPS (TTM) -7.7 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Management Fees | Recurring fees based on AUM from advisory and investment fund clients. | This is stable, predictable income that forms the foundation of the business. |
| Performance Fees | Carried interest and performance allocations based on investment success. | These can be volatile but provide significant upside during successful market cycles. |
| Advisory and Other | Fees from customized consulting and data/research services. | This segment provides sticky client relationships and recurring fee income. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 18.52 | Enterprise Value 4.57B | Price to Sales(TTM) 2.85 |
Enterprise Value 4.57B | Price to Sales(TTM) 2.85 | ||
Enterprise Value to Revenue 2.28 | Enterprise Value to EBITDA 16.5 | Shares Outstanding 82.29M | Shares Floating 75.36M |
Shares Outstanding 82.29M | Shares Floating 75.36M | ||
Percent Insiders 5.54 | Percent Institutions 98.36 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Stepstone Group Inc
Exchange NASDAQ | Headquarters New York, NY, United States | ||
IPO Launch date 2020-09-16 | CEO, Partner & Director Mr. Scott Hart | ||
Sector Financial Services | Industry Asset Management | Full time employees 1355 | Website https://www.stepstonegroup.com |
Full time employees 1355 | Website https://www.stepstonegroup.com | ||
StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.
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