Headlines about Cowen Group (NASDAQ:COWN) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cowen Group earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.6235670345866 out of 100, indicating 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 articles that may have impacted Accern Sentiment’s analysis:
- Cowen Announces Pricing of $120 Million Senior Notes Offering (finance.yahoo.com)
- Blog Exposure – Cowen Announces New CEO Pursuant to Succession Plan (finance.yahoo.com)
- Cowen Announces Planned CEO Succession (finance.yahoo.com)
- Cowen names Jeffrey Solomon as CEO, effective Dec. 27 (finance.yahoo.com)
Cowen Group (NASDAQ COWN) traded down $0.40 during trading hours on Thursday, hitting $13.75. 419,400 shares of the stock were exchanged, compared to its average volume of 322,177. Cowen Group has a twelve month low of $12.45 and a twelve month high of $18.25. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $439.89, a price-to-earnings ratio of 39.31 and a beta of 1.57.
Cowen Group (NASDAQ:COWN) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.11. Cowen Group had a net margin of 2.29% and a return on equity of 1.54%. The business had revenue of $182.60 million during the quarter, compared to the consensus estimate of $181.96 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year.
Several research analysts recently weighed in on COWN shares. Nomura reduced their price target on shares of Cowen Group from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, October 31st. Instinet restated a “neutral” rating and issued a $18.00 price objective (up from $17.00) on shares of Cowen Group in a report on Friday, August 11th. Finally, BidaskClub lowered shares of Cowen Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.
Cowen Group Company Profile
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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