Barclays Lowers StepStone Group (NASDAQ:STEP) Price Target to $48.00

StepStone Group (NASDAQ:STEP) had its price objective reduced by investment analysts at Barclays from $69.00 to $48.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 13.05% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer lifted their target price on shares of StepStone Group from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Evercore ISI lifted their price objective on StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.21.

StepStone Group Stock Down 2.6 %

Shares of STEP stock opened at $42.46 on Monday. The stock has a market cap of $4.92 billion, a P/E ratio of -25.12 and a beta of 1.36. StepStone Group has a fifty-two week low of $34.64 and a fifty-two week high of $70.38. The business has a fifty day simple moving average of $56.38 and a 200-day simple moving average of $59.69.

Insider Buying and Selling at StepStone Group

In other StepStone Group news, CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at $87,318. The trade was a 27.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott W. Hart sold 10,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.43, for a total transaction of $614,300.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On StepStone Group

Hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of StepStone Group during the 4th quarter worth $27,000. Raleigh Capital Management Inc. purchased a new stake in StepStone Group during the fourth quarter valued at about $29,000. IFP Advisors Inc acquired a new stake in StepStone Group during the fourth quarter worth about $36,000. Versant Capital Management Inc purchased a new position in shares of StepStone Group in the 1st quarter worth about $35,000. Finally, Amundi lifted its stake in shares of StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company’s stock valued at $42,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.

About StepStone Group

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.