Sunday, June 26, 2022

Taking a Closer Look At Cowen Inc. (COWN) Following Its Recent Trade

In a filing, Cowen Inc. revealed its Director Kim Lorence H. acquired Company’s shares for reported $0.9 million on Feb 25. In the deal valued at $30.03 per share,30,000 shares were bought. As a result of this transaction, Kim Lorence H. now holds 30,000 shares worth roughly $ 0.72 million.


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Then, Barth Brett H bought 10,000 shares, generating $287,798 in total proceeds. Upon buying the shares at $28.78, the Director now owns 109,880 shares.

Before that, Barth Brett H bought 10,000 shares. Cowen Inc. shares valued at $358,466 were divested by the Director at a price of $35.85 per share. As a result of the transaction, Barth Brett H now holds 99,880 shares, worth roughly $2.4 million.

Taking this into account, Goldman initiated its Cowen Inc. [COWN] rating to a Sell in a research note published on Tuesday, September 21, 2021; the price target was $35. PT values the company’s stock at a premium of 31.23 to its Tuesday closing price. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Compass Point began covering COWN with a “Neutral” recommendation on March 11, 2021. Wolfe Research started covering the stock on July 22, 2020. It rated COWN as “an Outperform”.

Price Performance Review of COWN

On Tuesday, Cowen Inc. [NASDAQ:COWN] saw its stock jump 4.33% to $24.07. On the same session, the stock had its day’s lowest price of $23.58, but rose to a high of $24.60. Over the last five days, the stock has gained 7.41%. Cowen Inc. shares have fallen nearly -33.32% since the year began. Nevertheless, the stocks have fallen -38.91% over the past one year. While a 52-week high of $44.07 was reached on 01/12/22, a 52-week low of $21.36 was recorded on 06/16/22. SMA at 50 days reached $24.15, while 200 days put it at $31.13. A total of 0.53 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For COWN Stock

The 24-hour chart illustrates a support level at 23.57, which if violated will result in even more drops to 23.06. On the upside, there is a resistance level at 24.59. A further resistance level may holdings at 25.10. The Relative Strength Index (RSI) on the 14-day chart is 48.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.13%. Stochastics %K at 33.83% indicates the stock is a holding.

Cowen Inc. [COWN] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,094,439 shares, or roughly 7.62% of the outstanding COWN shares. In other words, the investor’s shares have fallen by -49,456 from its previous 13-F filing of 2143895.0. Additionally, The Vanguard Group, Inc. increased 0.67% of its stake after which the total value it holdings stand at $43,173,680, while Azora Capital LP reduced 0.00% of its stake to hold $39.74 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 1,034 shares of Cowen Inc., while Arbiter Partners Capital Manageme bought 14,950 shares. At present, Columbia Management Investment Ad is holding 718,687 shares valued at $19.07 million. FIAM LLC owned 643,544 shares of the company at the time of its most recent 13F filing, worth $17.08 million.

According to FactSet, Cowen Inc.’s share price will average $42.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 73.39 percent from its previous closing price of $23.07. Analysts expect Cowen Inc. stock to reach the higher price of $60.00, while the lowest price estimate is $24.00. However, 7 analysts have rated COWN stock as an Overweight in their predictions for 2022.

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