StepStone Group (NASDAQ:STEP) Price Target Increased to $38.00 by Analysts at UBS Group

StepStone Group (NASDAQ:STEP) had its price objective raised by stock analysts at UBS Group from $37.00 to $38.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 5.97% from the company’s current price.

STEP has been the subject of a number of other research reports. Morgan Stanley increased their target price on shares of StepStone Group from $28.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Barclays increased their price target on StepStone Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday. Oppenheimer assumed coverage on StepStone Group in a report on Wednesday, March 20th. They set an “outperform” rating and a $48.00 price target on the stock. TheStreet cut StepStone Group from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. upgraded StepStone Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $49.00 in a report on Thursday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.21.

StepStone Group Trading Down 3.1 %

NASDAQ STEP traded down $1.14 during trading on Friday, hitting $35.86. 104,974 shares of the company’s stock were exchanged, compared to its average volume of 352,901. The stock’s 50 day moving average price is $34.69 and its two-hundred day moving average price is $31.33. StepStone Group has a fifty-two week low of $19.83 and a fifty-two week high of $38.25. The company has a market cap of $3.96 billion, a PE ratio of 39.84 and a beta of 1.25.

StepStone Group (NASDAQ:STEP) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. The firm had revenue of ($14.61) million during the quarter, compared to analyst estimates of $142.29 million. Analysts forecast that StepStone Group will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder James Lim sold 9,008 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $35.06, for a total value of $315,820.48. Following the transaction, the insider now directly owns 6,388,746 shares in the company, valued at approximately $223,989,434.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder James Lim sold 9,008 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $35.06, for a total value of $315,820.48. Following the completion of the sale, the insider now directly owns 6,388,746 shares of the company’s stock, valued at approximately $223,989,434.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Keck sold 53,403 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $35.47, for a total value of $1,894,204.41. Following the completion of the sale, the director now directly owns 204,444 shares of the company’s stock, valued at $7,251,628.68. The disclosure for this sale can be found here. Insiders have sold a total of 91,514 shares of company stock worth $3,233,084 in the last ninety days. Corporate insiders own 19.89% of the company’s stock.

Institutional Investors Weigh In On StepStone Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new stake in shares of StepStone Group during the 1st quarter valued at $36,000. Ensign Peak Advisors Inc increased its position in shares of StepStone Group by 67.1% during the 3rd quarter. Ensign Peak Advisors Inc now owns 1,170 shares of the company’s stock valued at $29,000 after purchasing an additional 470 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of StepStone Group by 57.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,389 shares of the company’s stock valued at $34,000 after purchasing an additional 507 shares during the last quarter. Captrust Financial Advisors increased its position in shares of StepStone Group by 5,132.1% during the 2nd quarter. Captrust Financial Advisors now owns 1,465 shares of the company’s stock valued at $38,000 after purchasing an additional 1,437 shares during the last quarter. Finally, Point72 Middle East FZE purchased a new stake in shares of StepStone Group during the 2nd quarter valued at $164,000. 55.54% of the stock is owned by hedge funds and other institutional investors.

StepStone Group Company Profile

StepStone Group LP. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, private equity and buyout investments in mature and middle market companies.