Why Did Perella Weinberg Plunge 13.34%? Earnings Miss, Analyst Downgrades

On April 10, 2025, Perella Weinberg's stock experienced a significant drop of 13.34% in pre-market trading.

Several analysts have recently revised their ratings and price targets for Perella Weinberg Partners. JMP Securities lowered its target price from $33.00 to $29.00, maintaining a "market outperform" rating. Goldman Sachs Group also reduced its price objective from $20.00 to $18.00 and set a "sell" rating. Keefe, Bruyette & Woods, on the other hand, raised its price objective from $27.00 to $29.00 and gave the stock an "outperform" rating.

Institutional investors have been active in adjusting their positions in Perella Weinberg Partners. Charles Schwab Investment Management Inc. increased its stake by 197.6%, while Verition Fund Management LLC acquired a new position. State Street Corp and Wellington Management Group LLP also raised their holdings significantly. These institutional moves reflect a mixed sentiment towards the company's future prospects.

Perella Weinberg Partners reported earnings of $0.26 per share for the latest quarter, missing analysts' estimates of $0.28. The company's negative return on equity and net margin indicate financial challenges that may be contributing to the recent stock price decline. The company's strategic and financial advisory services, particularly in the energy sector, are under scrutiny as market conditions evolve.