Moelis & Company (NYSE:MC) Raised to “Hold” at Zacks Research

Moelis & Company (NYSE:MC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Moelis & Company’s Q4 2027 earnings at $1.66 EPS, Q1 2028 earnings at $1.24 EPS and FY2028 earnings at $5.27 EPS.

A number of other equities research analysts also recently commented on the company. Wall Street Zen downgraded Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. The Goldman Sachs Group reduced their target price on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Morgan Stanley decreased their target price on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods lowered their price target on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a research note on Friday, July 10th. Finally, UBS Group reiterated a “sell” rating and issued a $60.00 price target (up from $58.00) on shares of Moelis & Company in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $73.38.

Moelis & Company Stock Performance

MC opened at $70.06 on Tuesday. The company has a fifty day moving average price of $66.53 and a two-hundred day moving average price of $65.70. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22. The firm has a market capitalization of $5.50 billion, a PE ratio of 25.20, a P/E/G ratio of 0.86 and a beta of 1.85.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The company had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. Equities analysts forecast that Moelis & Company will post 3.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allied Private Wealth LLC acquired a new stake in shares of Moelis & Company during the second quarter worth about $25,000. Root Financial Partners LLC grew its position in shares of Moelis & Company by 292.2% in the 1st quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 339 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Moelis & Company in the 4th quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its stake in Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Moelis & Company by 153.9% during the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after purchasing an additional 254 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.