StepStone Group LP (NASDAQ:STEP) Given Average Rating of “Hold” by Brokerages

StepStone Group LP (NASDAQ:STEP) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $61.64.

STEP has been the topic of a number of analyst reports. Oppenheimer set a $67.00 target price on StepStone Group and gave the company an “outperform” rating in a report on Wednesday, April 16th. Morgan Stanley cut their target price on StepStone Group from $66.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Evercore ISI raised their price objective on StepStone Group from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, Barclays cut their price objective on StepStone Group from $69.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th.

Insider Activity at StepStone Group

In related news, CAO Anthony Keathley sold 538 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $63.00, for a total value of $33,894.00. Following the completion of the sale, the chief accounting officer now directly owns 1,386 shares of the company’s stock, valued at $87,318. The trade was a 27.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott W. Hart sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.43, for a total value of $614,300.00. Following the completion of the sale, the chief executive officer now directly owns 110,000 shares of the company’s stock, valued at approximately $6,757,300. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,238 shares of company stock valued at $750,219 over the last three months. 18.44% of the stock is owned by insiders.

Institutional Trading of StepStone Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its holdings in StepStone Group by 368.2% in the third quarter. Barclays PLC now owns 112,019 shares of the company’s stock valued at $6,366,000 after buying an additional 88,095 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in StepStone Group in the fourth quarter valued at approximately $388,000. Cibc World Markets Corp acquired a new position in StepStone Group in the fourth quarter valued at approximately $355,000. Proficio Capital Partners LLC acquired a new position in StepStone Group in the fourth quarter valued at approximately $941,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in StepStone Group in the fourth quarter valued at approximately $331,000. 55.54% of the stock is owned by institutional investors.

StepStone Group Stock Performance

Shares of NASDAQ:STEP opened at $59.55 on Monday. The business’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $58.01. The stock has a market cap of $6.91 billion, a PE ratio of -35.24 and a beta of 1.37. StepStone Group has a one year low of $36.97 and a one year high of $70.38.

StepStone Group Company Profile

StepStone Group Inc is a private equity and venture capital firm specializing in 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.