The Goldman Sachs Group Has Lowered Expectations for Perella Weinberg Partners (NASDAQ:PWP) Stock Price

Key Points

• The Goldman Sachs Group cut its price target for Perella Weinberg Partners from $21.50 to $18.50 and maintained a sell rating, a target that implies roughly a 13% upside from the stock's current level.
• Shares traded at $16.35, below the 50‑day ($20.39) and 200‑day ($19.89) moving averages, with a 12‑month range of $14.12–$25.92 and a market cap of about $1.45 billion.
• Perella Weinberg reported quarterly EPS of $0.17 (in line) and revenue of $219.2M (above estimates) but showed a low net margin (4.69%) and negative ROE (‑25.81%), and analysts' consensus is a Hold with an average price target of $22.88.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) had its price objective reduced by investment analysts at The Goldman Sachs Group from $21.50 to $18.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 13.17% from the company's current price.

PWP has been the subject of a number of other reports. Wall Street Zen raised shares of Perella Weinberg Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on Perella Weinberg Partners from $20.00 to $23.00 and gave the company a "market perform" rating in a research note on Monday, February 9th. Finally, Wolfe Research set a $21.00 target price on shares of Perella Weinberg Partners in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $22.88.

Perella Weinberg Partners Price Performance

Shares of NASDAQ PWP traded down $0.43 on Thursday, hitting $16.35. The company's stock had a trading volume of 431,384 shares, compared to its average volume of 1,010,085. The stock has a 50 day moving average of $20.39 and a 200-day moving average of $19.89. Perella Weinberg Partners has a 12-month low of $14.12 and a 12-month high of $25.92. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 35.50 and a beta of 1.69.

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

Hedge Funds Weigh In On Perella Weinberg Partners

Several institutional investors have recently modified their holdings of PWP. Westwood Holdings Group Inc. purchased a new stake in Perella Weinberg Partners during the second quarter worth about $28,019,000. Adage Capital Partners GP L.L.C. boosted its position in Perella Weinberg Partners by 73.5% during the second quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company's stock worth $60,911,000 after purchasing an additional 1,328,312 shares during the period. William Blair Investment Management LLC boosted its position in Perella Weinberg Partners by 57.2% during the third quarter. William Blair Investment Management LLC now owns 3,566,511 shares of the company's stock worth $76,038,000 after purchasing an additional 1,298,246 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Perella Weinberg Partners by 79.6% in the second quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company's stock worth $30,588,000 after purchasing an additional 698,021 shares in the last quarter. Finally, Nuveen LLC raised its position in shares of Perella Weinberg Partners by 29.2% in the fourth quarter. Nuveen LLC now owns 2,861,405 shares of the company's stock valued at $49,502,000 after purchasing an additional 646,143 shares during the period. 41.07% of the stock is owned by institutional investors.

Perella Weinberg Partners Company Profile

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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