JMP Securities Increases Perella Weinberg Partners (NASDAQ:PWP) Price Target to $26.00

Perella Weinberg Partners (NASDAQ:PWP) had its target price hoisted by equities research analysts at JMP Securities from $22.00 to $26.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ target price would indicate a potential upside of 29.29% from the company’s current price.

Separately, Keefe, Bruyette & Woods raised their target price on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, July 12th.

Perella Weinberg Partners Trading Down 2.5 %

Shares of NASDAQ:PWP opened at $20.11 on Wednesday. The company has a 50-day moving average price of $18.98 and a 200 day moving average price of $16.81. Perella Weinberg Partners has a 12 month low of $9.30 and a 12 month high of $20.85. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -10.81 and a beta of 1.50.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, August 2nd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.26. Perella Weinberg Partners had a positive return on equity of 56.85% and a negative net margin of 15.75%. The firm had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $179.35 million. During the same quarter in the previous year, the business earned $0.16 EPS. The company’s quarterly revenue was up 64.3% on a year-over-year basis.

Institutional Trading of Perella Weinberg Partners

Several institutional investors and hedge funds have recently made changes to their positions in PWP. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Perella Weinberg Partners by 122.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,763 shares of the company’s stock valued at $159,000 after purchasing an additional 5,379 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Perella Weinberg Partners by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,306 shares of the company’s stock worth $174,000 after buying an additional 1,753 shares during the period. Arizona State Retirement System grew its position in shares of Perella Weinberg Partners by 15.3% during the 2nd quarter. Arizona State Retirement System now owns 13,020 shares of the company’s stock worth $212,000 after buying an additional 1,724 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Perella Weinberg Partners during the fourth quarter valued at $165,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Perella Weinberg Partners by 27.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,212 shares of the company’s stock valued at $215,000 after buying an additional 3,237 shares during the period. 41.07% of the stock is currently owned by institutional investors.

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.