STEP opened at $59.55 on Monday. The firm has a market capitalization of $6.91 billion, a P/E ratio of -35.24 and a beta of 1.37. The firm’s 50 day moving average is $51.52 and its 200-day moving average is $58.01. StepStone Group LP has a 52-week low of $36.97 and a 52-week high of $70.38.

A number of equities analysts have recently issued reports on STEP shares. Oppenheimer set a $67.00 price target on shares of StepStone Group and gave the company an “outperform” rating in a report on Wednesday, April 16th. Barclays decreased their price target on shares of StepStone Group from $69.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday, April 7th. Evercore ISI increased their price objective on shares of StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Morgan Stanley cut their price objective on shares of StepStone Group from $66.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, StepStone Group presently has an average rating of “Hold” and an average target price of $61.64.

Read Our Latest Stock Analysis on STEP

A number of hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its position in shares of StepStone Group by 6.8% during the first quarter. Empowered Funds LLC now owns 112,647 shares of the company’s stock worth $5,884,000 after buying an additional 7,167 shares in the last quarter. United Services Automobile Association acquired a new position in shares of StepStone Group during the first quarter valued at $209,000. Goldman Sachs Group Inc. boosted its holdings in shares of StepStone Group by 21.6% during the first quarter. Goldman Sachs Group Inc. now owns 357,281 shares of the company’s stock valued at $18,661,000 after acquiring an additional 63,519 shares during the period. Millennium Management LLC boosted its holdings in shares of StepStone Group by 269.8% during the first quarter. Millennium Management LLC now owns 2,962,826 shares of the company’s stock valued at $154,748,000 after acquiring an additional 2,161,548 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of StepStone Group by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,602 shares of the company’s stock valued at $2,068,000 after acquiring an additional 2,238 shares during the period. Hedge funds and other institutional investors own 55.54% of the company’s stock.

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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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