Perella Weinberg Partners (NASDAQ:PWP) Rating Increased to Outperform at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods upgraded Perella Weinberg Partners from "market perform" to "outperform" and set a $21.00 price target (down from $23.00), implying roughly a 17.5% upside from the prior close.
• Analysts are split: Goldman Sachs lowered its target to $18.50 and rates the stock "sell," while other firms range from sell to buy, leaving MarketBeat's consensus at "Hold" with an average target of $20.17.
• In the latest quarter PWP reported $0.17 EPS (meeting estimates) and $219.16 million in revenue (above expectations), but showed a negative return on equity (-25.8%) and a modest net margin (4.7%).

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) was upgraded by investment analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $21.00 price target on the stock, down from their previous price target of $23.00. Keefe, Bruyette & Woods' price target suggests a potential upside of 17.45% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. The Goldman Sachs Group dropped their target price on Perella Weinberg Partners from $21.50 to $18.50 and set a "sell" rating on the stock in a research report on Thursday, March 12th. Weiss Ratings restated a "hold (c)" rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. Wall Street Zen upgraded Perella Weinberg Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Wolfe Research set a $21.00 target price on Perella Weinberg Partners in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.17.

Perella Weinberg Partners Stock Performance

Shares of PWP opened at $17.88 on Wednesday. The business's 50-day moving average is $19.27 and its two-hundred day moving average is $19.22. The company has a market capitalization of $1.64 billion, a P/E ratio of 38.87 and a beta of 1.66. Perella Weinberg Partners has a fifty-two week low of $14.74 and a fifty-two week high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.The firm had revenue of $219.16 million for the quarter, compared to analysts' expectations of $192.84 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PWP. Los Angeles Capital Management LLC purchased a new position in Perella Weinberg Partners in the 4th quarter valued at about $45,000. State of Alaska Department of Revenue purchased a new position in Perella Weinberg Partners in the 3rd quarter valued at about $53,000. Torren Management LLC purchased a new position in Perella Weinberg Partners in the 4th quarter valued at about $62,000. Kemnay Advisory Services Inc. purchased a new position in Perella Weinberg Partners in the 4th quarter valued at about $86,000. Finally, Tower Research Capital LLC TRC lifted its stake in Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company's stock valued at $100,000 after buying an additional 4,232 shares in the last quarter. 41.07% of the stock is owned by hedge funds and other institutional investors.

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm's core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.

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