Perella Weinberg Partners (PWP) Stock Price & Analysis
Perella Weinberg Partners (PWP) is trading at USD 12.36, down 3.13% today, as of October 23, 2026 at 17:46 UTC (US market open; quotes may be delayed), according to Nexqual market data.
PWP last closed at USD 12.76; today's session has ranged USD 12.29–12.67 on volume of 231,800 shares. Market capitalization is $1.20B, with a 52-week range of USD 12.13–25.93 (NMS). Source: Nexqual, retrieved October 23, 2026 at 17:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PWP.md
Key facts (PWP)
- Last four reported quarters (through Jun 30, 2026): revenue $689M, net income $22.2M (3.2% margin) (SEC filings).
- Valuation: P/E 54.2x (avg 49.2x at the last 1 fiscal year-ends).
- Earnings quality: non-operating income $9.3M vs operating income $19.5M over the last four quarters; P/E excluding non-operating income ≈91.1x (estimate: non-operating income taxed at the company's 3% effective rate).
- 1 of 80 tracked superinvestors hold PWP (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $7.7M; 4 not under a Rule 10b5-1 plan ($7.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 21.63 (range 15.5–30).
- Total return with dividends: 1Y -35.3% vs S&P 500 +14.4%; 5Y -1.8% vs S&P 500 +77.1%.
- Next earnings: 2026-10-29, EPS estimate USD 0.15, revenue estimate $173M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PWP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $802M | $632M | $649M | $878M | $751M | $689M |
| Operating income | $66.6M | -$47.7M | -$115M | -$78.5M | $48.0M | $19.5M |
| Net income | -$9.4M | $17.9M | -$17.2M | -$64.7M | $35.5M | $22.2M |
| EPS (diluted) | -$0.66 | -$0.46 | -$1.33 | -$1.22 | $0.47 | — |
| Free cash flow | $233M | -$44.3M | $88.3M | $207M | $30.5M | $88.1M |
| Operating margin | 8.3% | -7.6% | -17.7% | -8.9% | 6.4% | 2.8% |
| Net margin | -1.2% | 2.8% | -2.7% | -7.4% | 4.7% | 3.2% |
| Revenue growth | +54.5% | -21.2% | +2.7% | +35.4% | -14.5% | — |
| Cash + short-term investments | $503M | $312M | $338M | $407M | $256M | — |
| Total debt | $0K | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PWP)
P/E 54.2x · P/E ex non-operating (est.) ≈91.1x · P/S 1.8x · P/FCF 13.7x · FCF yield 7.32% · Earnings yield 1.84% · Dividend yield (paid, TTM) 2.08%
P/E at fiscal year-ends: Dec 2025 49.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (PWP)
1 of 80 tracked investors hold PWP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $14.4M | Added +46.5% |
Insider sales (SEC Form 4, open-market, last ~7 months) (PWP)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-05…2026-08-07 | Bednar Andrew | Chairman and CEO | 235,697 | $4.1M | 18.2% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-12 | Steel Robert K | Director | 100,000 | $1.6M | 25.8% | No | Too little history (no open-market trades in 2023) |
| 2026-05-19…2026-05-20 | Gottschalk Alexandra | Chief Financial Officer | 57,806 | $1.0M | 44.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Gottschalk Alexandra | Chief Financial Officer | 51,671 | $1.0M | 41.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PWP)
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 21.63 (low 15.5, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | Goldman Sachs | Target raised | Sell | $14.5 → $16 |
| 2026-08-03 | Keefe, Bruyette & Woods | Target raised | Outperform | $19 → $21 |
| 2026-07-10 | Keefe, Bruyette & Woods | Target lowered | Outperform | $23.5 → $19 |
Total return (dividends reinvested) (PWP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -35.3% | -1.8% |
| S&P 500 (SPY) | +14.4% | +77.1% |
| Per year | -35.3% | -0.4% |
| Volatility (annualized) | 55.7% | 43.1% |
| Max drawdown | -48.6% (Feb 2026→Oct 2026) | -57.5% (Oct 2021→Jul 2022) |
PWP revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $129.5M | 82.7% | +17.6% |
| United Kingdom | $19.5M | 12.5% | -45.5% |
| Other international countries | $7.5M | 4.8% | -19.7% |
| Total revenue | $156.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PWP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Devon Park Securities | “Perella Weinberg Partners LP, through which we (i) conduct strategic advisory and restructuring services in the United States, (ii) engage in private placements of securities and investment banking mergers and acquisitions advisory services, (iii) conduct equity research and sales in the United States, and Devon Park Securities, LLC, through which we conduct our private funds advisory services, are each registered…” |
| Partner | LP and Devon Park Securities | “As a participant in the financial services industry, we are subject to extensive regulation in the United States and internationally, including regulatory capital and other requirements imposed on our SEC-registered broker-dealers, Perella Weinberg Partners LP and Devon Park Securities, LLC.” |
| Partner | Investor | “Our tax receivable agreement (the "TRA" or "Tax Receivable Agreement") generally provides for payment by us to Investor Limited Partners (the "ILPs" or "ILP") and certain Partners (as defined therein) (the "TRA Parties" and individually, a "TRA Party") of 85% of the cash tax savings, if any, in U.S. federal, state, local and foreign income taxes and related interest realized (or deemed realized) in periods after t…” |
| Partner | PWP GP | “We intend to operate such that transfers of PWP OpCo Units will not cause PWP OpCo to be treated as other than a partnership by providing for limitations on the ability of partners to exchange or otherwise transfer PWP OpCo Units and providing our board of directors and the board of directors of PWP GP with certain rights to further limit exchanges or other transfers of PWP OpCo Units as necessary to maintain the …” |
| Partner | Cadence Design Systems (CDNS) | “The Company has a revolving credit facility (the "Revolving Credit Facility") through a credit agreement with Cadence Bank (the "Credit Agreement"), with an available line of credit of $50.0 million and with up to $20.0 million of available incremental revolving commitments.” |
Quoted from the company's 10-K filed Feb 27, 2026.
PWP customer concentration
In the period ended Mar 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-Q filed May 1, 2026. The company does not name it.
PWP company outlook (results filed Jul 31, 2026)
- “Currently, we are estimating future cash payments of approximately $7.6 million related to the business realignment, which are expected to be paid by or soon after December 31, 2026.”
Quoted word-for-word from the SEC 8-K results press release.
PWP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.14 | $0.32 | -54.0% | $172.8M | 4 |
| Next quarter (ends Dec 2026) | $0.53 | $0.49 | +7.1% | $334.3M | 4 |
| Current fiscal year (ends Dec 2026) | $0.92 | $0.91 | +1.1% | $812.5M | 4 |
| Next fiscal year (ends Dec 2027) | $1.34 | $1.40 | -4.5% | $1.01B | 4 |
Key Statistics (as of October 23, 2026 at 17:49 UTC)
| Price | USD 12.36 |
|---|---|
| Change | ▼ 3.13% (down) |
| Previous Close | USD 12.76 |
| Open | USD 12.52 |
| Day Range | USD 12.29 – 12.67 |
| 52-Week Range | USD 12.13 – 25.93 |
| Volume | 231,800 shares |
| Market Cap | $1.20B |
| Exchange | NMS |
Technical Analysis (PWP)
Nexqual's technical model rates PWP "SELL" based on 1 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 17:49 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 30.71 (neutral) |
| vs SMA50 | Below (USD 15.09) |
| MACD | -0.72 (negative) |
Analyst Ratings (PWP)
Wall Street analysts rate PWP "Buy" based on 4 analysts, with a mean price target of USD 21.63 (range USD 15.5–30), per Nexqual as of October 23, 2026 at 17:49 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 21.63 |
| High Target | USD 30 |
| Low Target | USD 15.5 |
| Buy / Hold / Sell | 3 / 0 / 1 |
Earnings (PWP)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.15 |
| Revenue Estimate | $172.82M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.2 vs est 0.06 ▲ beat |
| 2026-03-31 | USD 0.05 vs est 0.17 ▼ miss |
| 2025-12-31 | USD 0.17 vs est 0.1 ▲ beat |
| 2025-09-30 | USD 0.13 vs est 0.15 ▼ miss |
Source: Nexqual, October 23, 2026 at 17:49 UTC.
Financials & Fundamentals (PWP)
| Total Revenue | $689.25M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.80% |
| Gross Margin | +96.63% |
| Operating Margin | +14.73% |
| Profit Margin | +3.22% |
| ROE | +12.69% |
| Debt / Equity | 0.68 |
| Current Ratio | 1.94 |
| Total Cash | $115.85M |
| Total Debt | $179.28M |
Source: Nexqual, October 23, 2026 at 17:49 UTC.
Financial Health Score (PWP)
Nexqual rates Perella Weinberg Partners's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 17:49 UTC.
| Growth | Critical — Revenue -14% YoY (annual), sharp decline |
|---|---|
| Profitability | Weak — Net margin 0% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Mixed — ROE 13%, ROA 4.5% |
Ownership (PWP)
| Insider Ownership | +4.22% |
|---|---|
| Institutional Ownership | +109.01% |
| Shares Outstanding | 77.29M |
| Float | 68.79M |
| Short % of Float | +12.71% |
Source: Nexqual, October 23, 2026 at 17:49 UTC.
Leadership (PWP)
Perella Weinberg Partners is led by Andrew Bednar, CEO, Partner of New York & Director, per Nexqual as of October 23, 2026 at 17:49 UTC.
| CEO, Partner of New York & Director | Andrew Bednar |
|---|---|
| Co-Founder, Founding Partner & Chairman | Peter Amory Weinberg A.C.A. |
| Partner of London, President & Director | Dietrich Becker |
| Executive Director & Head of Investor Relations | Taylor Reinhardt |
| Managing Director | Michele Abrams |
Major Backers & Investors (PWP)
Notable institutional backers of Perella Weinberg Partners include FMR, LLC, Wellington Management, William Blair Investment Management, LLC, according to Nexqual as of October 23, 2026 at 17:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 13.14% |
| Wellington Management | 6.89% |
| William Blair Investment Management, LLC | 5.83% |
| Adage Capital Partners GP L.L.C. | 4.4% |
| Capital Group | 3.55% |
| SmallCap World Fund Inc | 3.46% |
| Nomura Asset Management International Inc | 3.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.26% |
| Nuveen | 4.78% |
| Vanguard Group | 4.03% |
Source: Nexqual, October 23, 2026 at 17:49 UTC.
From Perella Weinberg Partners's Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We have built a leading global independent advisory platform offering a range of advisory services.
- We believe that our integrated approach and our partnership culture in how we work with each other and our clients provides an ideal platform to deliver the strategic and financial advice sought by our clients.
- In these situations, we believe we have built a reputation for providing valuable insights, experience, deep strategic thinking, rigor, technical expertise and a personalized approach in our partnerships with our clients to thoughtfully achieve their objectives.
- Financing and Capital Solutions Advisory: We have built, and are continuing to invest in, a leading franchise advising clients on capital markets matters, both in transaction-related and ordinary course financing execution.
Partnerships
- We believe that clients are increasingly looking for an independent advisor who can serve as an unbiased sounding board, work with them in genuine partnership and be by their side as they navigate mission-critical and complex issues.
- Per CIRO's rules, TPH Canada is required to maintain certain minimum capital, with additional capital requirements when TPH Canada participates in deal financings outside of its carrying broker relationship.
Legal & Regulatory Risks (Item 1A, quoted)
- The statutes, regulations and policies to which we are subject may change at any time.
- New laws or regulations or changes in enforcement of existing laws or regulations applicable to our clients may also adversely affect our business.
- The cost of compliance with international broker-dealer, employment, labor, benefits and tax regulations may adversely affect our business and hamper our ability to expand internationally.
- Risks Related to our Organizational Structure
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 17:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt