Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) had its price target cut by equities research analysts at The Goldman Sachs Group from $20.00 to $18.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "sell" rating on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 11.73% from the stock's current price.
Separately, Keefe, Bruyette & Woods boosted their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, February 10th.
Read Our Latest Analysis on PWP
Perella Weinberg Partners Trading Up 1.4 %
PWP stock traded up $0.22 on Wednesday, hitting $16.11. 1,578,845 shares of the company's stock traded hands, compared to its average volume of 566,425. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -10.20 and a beta of 1.68. Perella Weinberg Partners has a 1-year low of $11.68 and a 1-year high of $27.03. The stock has a fifty day moving average of $21.84 and a 200-day moving average of $22.67.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.
Hedge Funds Weigh In On Perella Weinberg Partners
A number of institutional investors have recently made changes to their positions in PWP. Versant Capital Management Inc acquired a new stake in Perella Weinberg Partners in the 1st quarter valued at approximately $32,000. Quadrant Capital Group LLC grew its stake in shares of Perella Weinberg Partners by 43.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after acquiring an additional 470 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Perella Weinberg Partners during the fourth quarter worth $64,000. GAMMA Investing LLC raised its stake in Perella Weinberg Partners by 2,401.3% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $70,000 after purchasing an additional 3,674 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Perella Weinberg Partners in the 4th quarter valued at $179,000. 41.07% of the stock is currently owned by institutional investors.
About Perella Weinberg Partners
(
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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.
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