GSA Capital Partners LLP bought a new position in shares of StepStone Group Inc. (NASDAQ:STEP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $266,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STEP. William Blair Investment Management LLC acquired a new position in StepStone Group during the 3rd quarter worth $13,822,000. Jennison Associates LLC acquired a new position in shares of StepStone Group during the 3rd quarter worth about $2,261,000. Finally, Wells Fargo & Company MN acquired a new position in shares of StepStone Group during the 3rd quarter worth about $468,000.
STEP opened at $25.42 on Friday. StepStone Group Inc. has a 52 week low of $22.72 and a 52 week high of $30.99.
STEP has been the subject of several analyst reports. Morgan Stanley upped their price objective on StepStone Group from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, November 12th. The Goldman Sachs Group initiated coverage on StepStone Group in a research report on Monday, October 12th. They set a “neutral” rating and a $26.00 price objective for the company. UBS Group initiated coverage on StepStone Group in a research report on Monday, October 12th. They set a “buy” rating and a $30.00 price objective for the company. Barclays started coverage on StepStone Group in a research report on Monday, October 12th. They set an “equal weight” rating for the company. Finally, JPMorgan Chase & Co. started coverage on StepStone Group in a research report on Monday, October 12th. They issued a “neutral” rating and a $29.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.75.
StepStone Group Company Profile
StepStone Group Inc 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, and buyout investments in mature and middle market companies.
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