Favorable News Coverage Somewhat Unlikely to Affect Cowen (COWN) Share Price

Media headlines about Cowen (NASDAQ:COWN) have been trending positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. 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 earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.1052466462204 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Cowen (NASDAQ:COWN) traded up $0.05 during midday trading on Friday, hitting $13.65. 156,000 shares of the stock traded hands, compared to its average volume of 333,625. Cowen has a one year low of $12.45 and a one year 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 company has a market capitalization of $531.06, a price-to-earnings ratio of 68.25 and a beta of 1.58.

Cowen (NASDAQ:COWN) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. Cowen had a net margin of 2.29% and a return on equity of 1.54%. The company had revenue of $182.60 million for the quarter, compared to analyst estimates of $181.96 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 19.0% compared to the same quarter last year.

Several research firms have recently issued reports on COWN. BidaskClub raised shares of Cowen from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Nomura lowered their price target on shares of Cowen from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 31st.

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Cowen 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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