Wall Street Zen Upgrades Perella Weinberg Partners (NASDAQ:PWP) to "Buy"

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

Several other equities analysts also recently commented on PWP. The Goldman Sachs Group upped their price objective on Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods dropped their price target on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, May 12th. Finally, JMP Securities dropped their price target on 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.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock traded down $1.08 during mid-day trading on Friday, hitting $17.64. The company's stock had a trading volume of 872,863 shares, compared to its average volume of 662,885. The company has a 50 day moving average of $17.43 and a 200-day moving average of $21.02. The stock has a market cap of $1.56 billion, a PE ratio of -11.16 and a beta of 1.65. Perella Weinberg Partners has a one year low of $13.82 and a one year high of $27.03.

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 the consensus estimate of $0.21 by $0.07. The company had revenue of $211.83 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted ($0.10) EPS.

Institutional Investors Weigh In On Perella Weinberg Partners

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after purchasing an additional 470 shares in the last quarter. Versant Capital Management Inc bought a new stake in Perella Weinberg Partners during the first quarter valued at about $32,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Perella Weinberg Partners during the first quarter valued at about $40,000. Venturi Wealth Management LLC bought a new stake in Perella Weinberg Partners during the fourth quarter valued at about $64,000. Finally, GAMMA Investing LLC raised its stake in Perella Weinberg Partners by 2,401.3% in the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $70,000 after buying an additional 3,674 shares during the last quarter. 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.