Barclays Has Lowered Expectations for StepStone Group (NASDAQ:STEP) Stock Price

StepStone Group (NASDAQ:STEP - Get Free Report) had its price target dropped by equities research analysts at Barclays from $69.00 to $48.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 3.58% from the stock's previous close.

STEP has been the subject of several other reports. Oppenheimer raised their price target on shares of StepStone Group from $81.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Evercore ISI upped their target price on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $66.21.

StepStone Group Trading Up 1.5 %

Shares of StepStone Group stock traded up $0.67 on Monday, reaching $46.34. The stock had a trading volume of 478,627 shares, compared to its average volume of 657,136. The business's 50 day moving average is $55.08 and its two-hundred day moving average is $59.41. StepStone Group has a 1 year low of $34.64 and a 1 year high of $70.38. The company has a market cap of $5.37 billion, a P/E ratio of -27.42 and a beta of 1.36.

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Insider Activity

In other news, CAO Anthony Keathley sold 538 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were 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 owns 1,386 shares of the company's stock, valued at approximately $87,318. This represents a 27.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Hart sold 10,000 shares of StepStone Group stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.43, for a total transaction of $614,300.00. Following the completion of the transaction, the chief executive officer now owns 110,000 shares in the company, valued at approximately $6,757,300. The trade was a 8.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.44% of the company's stock.

Institutional Investors Weigh In On StepStone Group

A number of hedge funds and other institutional investors have recently modified their holdings of STEP. Steward Partners Investment Advisory LLC purchased a new position in StepStone Group in the 4th quarter worth approximately $27,000. Raleigh Capital Management Inc. purchased a new position in shares of StepStone Group in the fourth quarter worth $29,000. IFP Advisors Inc bought a new stake in StepStone Group during the 4th quarter valued at $36,000. Versant Capital Management Inc purchased a new stake in StepStone Group during the 1st quarter valued at $35,000. Finally, Amundi grew its holdings in StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 55.54% of the company's stock.

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.