Perella Weinberg Partners (NASDAQ:PWP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Perella Weinberg Partners (NASDAQ:PWP) had its target price increased by equities researchers at The Goldman Sachs Group from $16.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price suggests a potential downside of 5.91% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods lowered their target price on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, May 12th. JMP Securities lowered their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th.

Perella Weinberg Partners Stock Performance

Shares of PWP opened at $19.13 on Thursday. The business’s 50-day moving average is $17.71 and its two-hundred day moving average is $21.86. The company has a market capitalization of $1.69 billion, a P/E ratio of -12.11 and a beta of 1.69. Perella Weinberg Partners has a fifty-two week low of $13.82 and a fifty-two week high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. The company had revenue of $211.83 million for the quarter, compared to the consensus estimate of $200.29 million. During the same period last year, the firm earned ($0.10) EPS.

Institutional Trading of Perella Weinberg Partners

A number of hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd raised its holdings in Perella Weinberg Partners by 150.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 40,411 shares of the company’s stock valued at $743,000 after acquiring an additional 24,291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perella Weinberg Partners by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after acquiring an additional 1,342 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in Perella Weinberg Partners by 16.9% in the 1st quarter. Clark Capital Management Group Inc. now owns 203,941 shares of the company’s stock valued at $3,753,000 after acquiring an additional 29,438 shares during the last quarter. AQR Capital Management LLC raised its holdings in Perella Weinberg Partners by 79.1% in the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock valued at $431,000 after acquiring an additional 10,350 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in Perella Weinberg Partners by 2.2% in the 1st quarter. Ancora Advisors LLC now owns 207,966 shares of the company’s stock valued at $3,827,000 after acquiring an additional 4,520 shares during the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.