StepStone Group (NASDAQ:STEP - Get Free Report) had its target price increased by analysts at Oppenheimer from $73.00 to $84.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's price target points to a potential upside of 35.46% from the stock's current price.
A number of other brokerages have also issued reports on STEP. JPMorgan Chase & Co. raised their target price on shares of StepStone Group from $56.00 to $61.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. The Goldman Sachs Group raised their price objective on StepStone Group from $64.00 to $70.50 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Barclays dropped their target price on StepStone Group from $72.00 to $66.00 and set an "equal weight" rating for the company in a research note on Monday. Morgan Stanley raised their price target on StepStone Group from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Finally, Evercore ISI upped their price objective on shares of StepStone Group from $52.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, StepStone Group presently has a consensus rating of "Hold" and a consensus price target of $66.64.
Read Our Latest Report on StepStone Group
StepStone Group Stock Performance
NASDAQ STEP traded up $0.05 during trading hours on Thursday, reaching $62.01. The company's stock had a trading volume of 604,283 shares, compared to its average volume of 581,342. The company's 50-day moving average is $62.69 and its two-hundred day moving average is $53.92. StepStone Group has a fifty-two week low of $26.49 and a fifty-two week high of $70.38. The stock has a market cap of $7.14 billion, a PE ratio of 101.25 and a beta of 1.27.
Insiders Place Their Bets
In other StepStone Group news, CEO Scott W. Hart sold 22,091 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $63.24, for a total value of $1,397,034.84. Following the completion of the transaction, the chief executive officer now owns 157,909 shares in the company, valued at $9,986,165.16. This represents a 12.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Y. Park sold 3,000 shares of StepStone Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $68.21, for a total transaction of $204,630.00. Following the sale, the chief financial officer now owns 20,251 shares in the company, valued at $1,381,320.71. This represents a 12.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,820 shares of company stock worth $1,908,856 over the last ninety days. 18.44% of the stock is owned by company insiders.
Institutional Investors Weigh In On StepStone Group
Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of StepStone Group by 291.1% in the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company's stock worth $35,000 after purchasing an additional 460 shares during the last quarter. Blue Trust Inc. grew its stake in StepStone Group by 1,586.3% in the third quarter. Blue Trust Inc. now owns 860 shares of the company's stock worth $49,000 after purchasing an additional 809 shares in the last quarter. US Bancorp DE raised its stake in StepStone Group by 442.7% during the third quarter. US Bancorp DE now owns 966 shares of the company's stock valued at $55,000 after buying an additional 788 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in StepStone Group during the third quarter valued at approximately $63,000. Finally, CWM LLC lifted its holdings in StepStone Group by 190.4% during the 3rd quarter. CWM LLC now owns 1,185 shares of the company's stock worth $67,000 after buying an additional 777 shares during the last quarter. Institutional investors and hedge funds own 55.54% of the company's stock.
StepStone Group Company Profile
(
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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.
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