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Cowen Group (NASDAQ:COWN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, American Banking News reports. They currently have a $3.90 price objective on the stock. Zacks‘ price objective indicates a potential downside of 5.57% from the company’s current price.

Shares of Cowen Group (NASDAQ:COWN) traded down 3.51% during mid-day trading on Wednesday, hitting $3.985. 204,979 shares of the company’s stock traded hands. Cowen Group has a 52-week low of $2.45 and a 52-week high of $4.41. The stock’s 50-day moving average is $3.99 and its 200-day moving average is $3.71. The company’s market cap is $466.0 million.

Cowen Group (NASDAQ:COWN) last released its earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.03. Analysts expect that Cowen Group will post $0.08 EPS for the current fiscal year.

Cowen Group, Inc (NASDAQ:COWN) together with its subsidiaries, provides alternative investment management, investment banking, research, and sales and trading services through its two business segments: Ramius LLC and its affiliates (Ramius) consists of the Company’s alternative investment management segment, while Cowen and Company, LLC (Cowen and Company) and its affiliates consists of the Company’s broker-dealer segment.

To view Zacks’ full report, visit www.zacks.com

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