Perella Weinberg Partners (NASDAQ:PWP) Upgraded by Wall Street Zen to "Buy" Rating

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other equities analysts have also recently commented on PWP. The Goldman Sachs Group increased their price target on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods decreased their target price on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, May 12th. Finally, JMP Securities lowered their price target on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th.

Perella Weinberg Partners Trading Down 2.3%

NASDAQ:PWP traded down $0.42 during trading hours on Friday, hitting $17.69. The stock had a trading volume of 1,071,907 shares, compared to its average volume of 669,370. Perella Weinberg Partners has a 1-year low of $14.11 and a 1-year high of $27.03. The company has a market cap of $1.56 billion, a PE ratio of -41.14 and a beta of 1.65. The business has a 50 day simple moving average of $17.48 and a two-hundred day simple moving average of $20.89.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The business had revenue of $211.83 million during the quarter, compared to analyst estimates of $200.29 million. Perella Weinberg Partners had a negative net margin of 1.17% and a negative return on equity of 36.47%. During the same quarter in the previous year, the firm earned ($0.10) earnings per share.

Hedge Funds Weigh In On Perella Weinberg Partners

Large investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Perella Weinberg Partners by 3.8% during the fourth quarter. FMR LLC now owns 8,181,941 shares of the company's stock valued at $195,057,000 after purchasing an additional 301,587 shares during the last quarter. Vanguard Group Inc. boosted its position in Perella Weinberg Partners by 9.0% during the 4th quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company's stock valued at $75,426,000 after purchasing an additional 260,319 shares during the period. Wellington Management Group LLP grew its stake in Perella Weinberg Partners by 128.6% during the 1st quarter. Wellington Management Group LLP now owns 3,009,484 shares of the company's stock worth $55,375,000 after buying an additional 1,692,922 shares during the last quarter. Azora Capital LP grew its stake in Perella Weinberg Partners by 3.4% during the 4th quarter. Azora Capital LP now owns 2,492,789 shares of the company's stock worth $59,428,000 after buying an additional 81,747 shares during the last quarter. Finally, Channing Capital Management LLC increased its position in Perella Weinberg Partners by 215.2% in the first quarter. Channing Capital Management LLC now owns 2,142,888 shares of the company's stock worth $39,429,000 after buying an additional 1,463,083 shares during the period. Institutional investors 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.