Perella Weinberg Partners (NASDAQ:PWP) Price Target Cut to $22.00 by Analysts at Keefe, Bruyette & Woods

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) had its price objective reduced by analysts at Keefe, Bruyette & Woods from $24.00 to $22.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 15.49% from the stock's previous close.

A number of other brokerages also recently issued reports on PWP. JMP Securities dropped their price target on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group cut their price target on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a report on Wednesday, April 2nd.

Perella Weinberg Partners Stock Performance

Shares of Perella Weinberg Partners stock traded up $1.37 on Monday, reaching $19.05. The stock had a trading volume of 1,028,395 shares, compared to its average volume of 620,767. The business's 50-day moving average price is $17.79 and its two-hundred day moving average price is $21.92. Perella Weinberg Partners has a fifty-two week low of $13.82 and a fifty-two week high of $27.03. The stock has a market cap of $1.65 billion, a P/E ratio of -12.07 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.07. The firm had revenue of $211.83 million for the quarter, compared to analyst estimates of $200.29 million. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. During the same period last year, the company earned ($0.10) EPS.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PWP. Quadrant Capital Group LLC grew its position in shares of Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after purchasing an additional 470 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Perella Weinberg Partners in the 1st quarter valued at approximately $32,000. Venturi Wealth Management LLC bought a new stake in shares of Perella Weinberg Partners during the 4th quarter worth approximately $64,000. GAMMA Investing LLC lifted its stake in shares of Perella Weinberg Partners by 2,401.3% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock worth $70,000 after acquiring an additional 3,674 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Perella Weinberg Partners during the 1st quarter worth approximately $118,000. Institutional investors own 41.07% of the company's stock.

About Perella Weinberg Partners

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.