Cowen (NASDAQ:COWN) Cut to Market Perform at JMP Securities

Cowen (NASDAQ:COWNGet Rating) was downgraded by investment analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, The Fly reports.

COWN has been the subject of a number of other reports. The Goldman Sachs Group reduced their price target on shares of Cowen from $29.00 to $25.00 and set a “sell” rating for the company in a research report on Tuesday, April 12th. TheStreet downgraded shares of Cowen from a “b-” rating to a “c” rating in a research note on Friday, April 29th. Wolfe Research downgraded Cowen from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. StockNews.com cut Cowen from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Finally, Piper Sandler lifted their target price on shares of Cowen from $55.00 to $58.00 in a research note on Monday, May 2nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.33.

Cowen Stock Up 0.2 %

Shares of COWN traded up $0.06 during mid-day trading on Tuesday, reaching $38.56. The company’s stock had a trading volume of 104,295 shares, compared to its average volume of 1,949,675. Cowen has a 1 year low of $21.36 and a 1 year high of $40.86. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 7.07 and a beta of 1.63. The business has a fifty day moving average of $28.34 and a 200 day moving average of $27.59.

Hedge Funds Weigh In On Cowen

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new stake in Cowen in the 2nd quarter valued at approximately $38,000. Belpointe Asset Management LLC grew its position in Cowen by 5.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 15,700 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 750 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Cowen by 3.7% during the 2nd quarter. Victory Capital Management Inc. now owns 90,025 shares of the financial services provider’s stock worth $2,132,000 after purchasing an additional 3,237 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Cowen during the second quarter valued at about $2,268,000. Finally, SG Americas Securities LLC bought a new stake in shares of Cowen in the second quarter valued at about $213,000. 89.63% of the stock is currently owned by institutional investors.

Cowen Company Profile

(Get Rating)

Cowen Inc, together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally. It operates in two segments, Operating Company (Op Co) and Asset Company (Asset Co).

Featured Stories

The Fly logo

Want More Great Investing Ideas?

Receive News & Ratings for Cowen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cowen and related companies with MarketBeat.com's FREE daily email newsletter.