StepStone Group LP (NASDAQ:STEP - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $64.85, but opened at $60.03. StepStone Group shares last traded at $65.98, with a volume of 77,241 shares changing hands.
Analyst Ratings Changes
A number of analysts have recently issued reports on STEP shares. Morgan Stanley lifted their price objective on shares of StepStone Group from $52.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on shares of StepStone Group from $56.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Evercore ISI lifted their price objective on shares of StepStone Group from $52.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, October 14th. UBS Group lifted their price objective on shares of StepStone Group from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Finally, Oppenheimer lifted their price objective on shares of StepStone Group from $56.00 to $73.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, StepStone Group has an average rating of "Hold" and an average target price of $61.71.
Check Out Our Latest Research Report on StepStone Group
StepStone Group Price Performance
The stock's 50-day simple moving average is $57.94 and its 200 day simple moving average is $49.22. The stock has a market capitalization of $7.53 billion, a P/E ratio of 86.86 and a beta of 1.27.
StepStone Group (NASDAQ:STEP - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.13. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $181.15 million. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. As a group, analysts expect that StepStone Group LP will post 1.85 earnings per share for the current fiscal year.
Institutional Investors Weigh In On StepStone Group
Several institutional investors and hedge funds have recently bought and sold shares of STEP. GAMMA Investing LLC lifted its position in StepStone Group by 291.1% during the third quarter. GAMMA Investing LLC now owns 618 shares of the company's stock worth $35,000 after purchasing an additional 460 shares during the period. Blue Trust Inc. lifted its position in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company's stock worth $49,000 after purchasing an additional 809 shares during the period. US Bancorp DE lifted its position in StepStone Group by 442.7% during the third quarter. US Bancorp DE now owns 966 shares of the company's stock worth $55,000 after purchasing an additional 788 shares during the period. CWM LLC lifted its position in StepStone Group by 190.4% during the third quarter. CWM LLC now owns 1,185 shares of the company's stock worth $67,000 after purchasing an additional 777 shares during the period. Finally, KBC Group NV lifted its position in StepStone Group by 35.7% during the third quarter. KBC Group NV now owns 1,840 shares of the company's stock worth $105,000 after purchasing an additional 484 shares during the period. Institutional investors own 55.54% of the company's stock.
About StepStone Group
(
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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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