The Goldman Sachs Group Lowers Perella Weinberg Partners (NASDAQ:PWP) Price Target to $18.00

Perella Weinberg Partners (NASDAQ:PWP) had its price target decreased by research analysts at The Goldman Sachs Group from $20.00 to $18.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 7.07% from the company’s previous close.

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th.

Perella Weinberg Partners Stock Performance

PWP stock traded up $0.88 during midday trading on Wednesday, hitting $19.37. 259,563 shares of the company’s stock were exchanged, compared to its average volume of 552,621. Perella Weinberg Partners has a one year low of $11.68 and a one year high of $27.03. The stock’s fifty day moving average price is $22.36 and its 200-day moving average price is $22.70. The company has a market cap of $1.68 billion, a PE ratio of -12.26 and a beta of 1.61.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Hedge Funds Weigh In On Perella Weinberg Partners

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Perella Weinberg Partners by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,316,562 shares of the company’s stock valued at $31,387,000 after purchasing an additional 158,957 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Perella Weinberg Partners by 21.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,898 shares of the company’s stock valued at $2,191,000 after purchasing an additional 16,057 shares in the last quarter. Voloridge Investment Management LLC grew its position in Perella Weinberg Partners by 137.8% in the fourth quarter. Voloridge Investment Management LLC now owns 282,202 shares of the company’s stock valued at $6,728,000 after purchasing an additional 163,526 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at $468,000. Finally, Westwood Holdings Group Inc. lifted its position in Perella Weinberg Partners by 0.8% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,112,393 shares of the company’s stock worth $50,359,000 after buying an additional 15,961 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

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.