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

Perella Weinberg Partners (NASDAQ:PWP) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods decreased their price target on shares of Perella Weinberg Partners from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.00.

Perella Weinberg Partners Price Performance

Shares of NASDAQ PWP opened at $18.63 on Friday. The stock’s 50-day moving average is $19.07 and its two-hundred day moving average is $19.95. Perella Weinberg Partners has a 1-year low of $14.12 and a 1-year high of $27.03. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 28.23 and a beta of 1.63.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Perella Weinberg Partners had a net margin of 6.15% and a negative return on equity of 21.55%. The company had revenue of $164.65 million during the quarter, compared to analysts’ expectations of $179.83 million.

Hedge Funds Weigh In On Perella Weinberg Partners

Several large investors have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Perella Weinberg Partners during the first quarter worth about $40,000. State of Alaska Department of Revenue purchased a new position in Perella Weinberg Partners during the 3rd quarter worth approximately $53,000. CWM LLC grew its stake in Perella Weinberg Partners by 162.4% during the 2nd quarter. CWM LLC now owns 3,936 shares of the company’s stock worth $76,000 after buying an additional 2,436 shares during the last quarter. New York State Teachers Retirement System acquired a new position in Perella Weinberg Partners during the second quarter worth approximately $92,000. Finally, Tower Research Capital LLC TRC lifted its stake in Perella Weinberg Partners by 460.5% in the second 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 during the last quarter. Institutional investors and hedge funds 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.