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StepStone Group Inc (STEP) receives an Overweight rating from JP Morgan

StepStone Group Inc’s recent filing unveils that its Officer ANTHONY KEATHLEY acquired Company’s shares for reported $50192.0 on Nov 12 ’24. In the deal valued at $68.85 per share,729 shares were bought.

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Then, DAVID Y PARK bought 3,000 shares, generating $204,624 in total proceeds.

Before that, Mitchell Steven R sold 27,500 shares. StepStone Group Inc shares valued at $1,219,350 were divested by the Director at a price of $44.34 per share. As a result of the transaction, Mitchell Steven R now holds 0 shares, worth roughly $0.0.

JP Morgan upgraded its StepStone Group Inc [STEP] rating to an Overweight from a a Neutral in a research note published on April 11, 2024; the price target was increased to $49 from $40. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. BofA Securities began covering STEP with “Buy” recommendation on September 07, 2022. Barclays started covering the stock on August 31, 2022. It rated STEP as “an Equal weight”.

Price Performance Review of STEP

On Tuesday, StepStone Group Inc [NASDAQ:STEP] saw its stock fall -1.86% to $68.03. Over the last five days, the stock has gained 13.80%. StepStone Group Inc shares have risen nearly 114.47% since the year began. Nevertheless, the stocks have risen 159.47% over the past one year. While a 52-week high of $70.38 was reached on 11/11/24, a 52-week low of $24.97 was recorded on 01/05/24. SMA at 50 days reached $58.78, while 200 days put it at $45.43.

Levels Of Support And Resistance For STEP Stock

The 24-hour chart illustrates a support level at 67.34, which if violated will result in even more drops to 66.65. On the upside, there is a resistance level at 69.13. A further resistance level may holdings at 70.23. The Relative Strength Index (RSI) on the 14-day chart is 68.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.41%. Stochastics %K at 88.47% indicates the stock is a selling.

How much short interest is there in StepStone Group Inc?

A steep rise in short interest was recorded in StepStone Group Inc stocks on 2024-10-15, growing by 0.32 million shares to a total of 2.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.5 million shares. There was a rise of 11.46%, which implies that there is a positive sentiment for the stock.

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