Versor Investments LP Purchases Shares of 14,606 StepStone Group Inc. $STEP

Versor Investments LP purchased a new stake in StepStone Group Inc. (NASDAQ:STEP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,606 shares of the company’s stock, valued at approximately $811,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in StepStone Group by 38.5% during the 1st quarter. GAMMA Investing LLC now owns 1,169 shares of the company’s stock worth $61,000 after acquiring an additional 325 shares in the last quarter. CWM LLC lifted its position in StepStone Group by 14.0% during the 1st quarter. CWM LLC now owns 1,600 shares of the company’s stock worth $84,000 after acquiring an additional 196 shares in the last quarter. Russell Investments Group Ltd. lifted its position in StepStone Group by 943.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,847 shares of the company’s stock worth $96,000 after acquiring an additional 1,670 shares in the last quarter. R Squared Ltd acquired a new position in StepStone Group during the 2nd quarter worth approximately $204,000. Finally, United Services Automobile Association acquired a new position in StepStone Group during the 1st quarter worth approximately $209,000. Hedge funds and other institutional investors own 55.54% of the company’s stock.

Wall Street Analyst Weigh In

STEP has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StepStone Group in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on StepStone Group from $61.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Zacks Research lowered StepStone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Evercore ISI upped their target price on StepStone Group from $56.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Oppenheimer lowered their price target on StepStone Group from $84.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.83.

Insider Buying and Selling at StepStone Group

In other news, CEO Scott W. Hart sold 10,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $61.44, for a total value of $614,400.00. Following the completion of the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $3,072,000. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David Y. Park sold 1,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $63.26, for a total value of $63,260.00. Following the completion of the sale, the chief financial officer owned 22,020 shares of the company’s stock, valued at approximately $1,392,985.20. This trade represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 31,000 shares of company stock valued at $1,968,060. Company insiders own 16.47% of the company’s stock.

StepStone Group Stock Performance

NASDAQ:STEP opened at $60.51 on Tuesday. StepStone Group Inc. has a 1 year low of $40.07 and a 1 year high of $70.38. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of -19.65 and a beta of 1.36. The business has a fifty day moving average of $63.33 and a 200-day moving average of $59.25.

StepStone Group (NASDAQ:STEP) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). StepStone Group had a positive return on equity of 16.07% and a negative net margin of 17.10%.The business had revenue of $237.47 million during the quarter, compared to the consensus estimate of $238.99 million. During the same period in the previous year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 95.4% compared to the same quarter last year. On average, equities research analysts predict that StepStone Group Inc. will post 1.82 EPS for the current year.

StepStone Group 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.