Cowen Group (NASDAQ:COWN) Receiving Somewhat Positive Media Coverage, Study Shows
Media stories about Cowen Group (NASDAQ:COWN) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cowen Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.3961479481773 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Instinet Reiterates Neutral Rating for Cowen Group, Inc. (NASDAQ:COWN) (americanbankingnews.com)
- Galapagos NV’s (NASDAQ:GLPG) Buy Rating Reaffirmed at Cowen and Company (ismboard.com)
- Dota 2 Reveals Two New Heroes for The Dueling Fates Update (newstrendstoday.com)
- Galapagos NV (NASDAQ:GLPG) Given “Buy” Rating at Cowen and Company (topactu.net)
- Time Warner Inc. (TWX) Shares Bought by Park National Corp OH (vothemes.com)
COWN has been the subject of a number of research reports. BidaskClub lowered Cowen Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Instinet reiterated a “neutral” rating and issued a $18.00 price target (up previously from $17.00) on shares of Cowen Group in a report on Friday. Finally, Nomura boosted their price target on Cowen Group from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday.
Shares of Cowen Group (COWN) traded up 3.14% during mid-day trading on Friday, hitting $16.40. The company had a trading volume of 253,440 shares. Cowen Group has a 52-week low of $11.60 and a 52-week high of $16.95. The firm has a 50-day moving average price of $16.31 and a 200 day moving average price of $15.09. The firm’s market capitalization is $509.61 million.
Cowen Group (NASDAQ:COWN) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.12. Cowen Group had a net margin of 1.00% and a return on equity of 1.92%. The company had revenue of $171.90 million during the quarter, compared to analysts’ expectations of $169.54 million. During the same quarter last year, the company posted ($0.11) EPS. The firm’s revenue was up 113.8% compared to the same quarter last year. Analysts expect that Cowen Group will post $1.65 earnings per share for the current year.
In other Cowen Group news, major shareholder Peter A. Cohen sold 194,349 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $0.39, for a total value of $75,796.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Peter A. Cohen sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $0.21, for a total transaction of $105,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,049,914 shares of company stock valued at $300,237 in the last three months. 4.90% of the stock is currently owned by corporate insiders.
About Cowen Group
Cowen Inc, formerly Cowen Group, Inc, is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes private equity structures, registered investment companies and listed investment vehicles.
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