|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||16.38 - 16.77|
|52 Week Range||13.55 - 18.36|
|Beta (5Y Monthly)||1.47|
|PE Ratio (TTM)||29.73|
|Earnings Date||Feb 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.33|
Cowen analysts led by Vivien Azer assessed information from the 2019 Monitoring the Future data from the University of Michigan, which found that teenagers are increasingly shifting away from legacy consumption offerings (such as cigarettes and alcohol). The firm is cautious on the beer sector as a whole, as trends in spirits and seltzer remain strong, and a declining % of teens consuming alcohol.
Cowen has named Target a “best idea" for 2020, saying its digital business is overcoming the threat from Amazon. Yahoo Finance’s Seana Smith and Ines Ferre discuss on The Ticker.
Cowen raised its price target on Chipotle from $800 to $970, upgrading shares to outperform from market perform. Analyst Andrew Charles thinks the fast-food chain is doing a lot of things right, but finds Chipotle's digital strategy to be particularly effective. This includes pickup and third-party delivery, and 'Chipotlanes’, its drive-thru format.
A diversified financial services firm with over 100 years of history, Cowen has strategically built and grown a comprehensive, cross-border financial services platform to include equities, credit, prime brokerage, research, and sector-focused investment banking across the U.S. and Europe over the last decade. Recently, the Company added seven new senior hires to its international sales and trading team, based in London and led by Matt Cyzer, CEO of Cowen Execution Services Limited (“CESL”).
NEW YORK, Jan. 21, 2020 -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that it has launched its full suite of liquidity seeking and best-in-class.
NEW YORK, Jan. 14, 2020 -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) will host a conference call on Wednesday, February 12, 2020 at 9:00 AM ET to discuss the.
New-York based Arbiter Partners Capital Management was founded by Paul J. Isaac back in 2001. Mr Isaac holds a BA from Williams College with Highest Honors in Political Economy. Previous to launching his own fund, he worked in Cadogan Management, as the firm’s CEO, Managing Director and Director. In his long career at Mabon, Nugent & […]
Note: A previous version of this story incorrectly identified the type of transaction that KemPharm completed. A local pharmaceutical company has restructured more than $70 million in debt, giving the firm greater cash solvency as it works to gain approval for a drug. Celebration-based KemPharm Inc. (Nasdaq: KMPH) entered a debt restructuring agreement for $77.7 million of principal, the company announced Dec. 18.
Venture capital is critical for startups and early-stage companies. It funds companies as they scale up while also providing business expertise and industry connections.
As part of their collaboration, MJBizDaily will become the exclusive cannabis industry distributor of Cowen's thought-leading fundamental and Washington policy research on the cannabis industry, including reports published as part of its highly regarded Ahead of The Curve® research series. In turn, MJBizDaily will provide a valuable distribution channel for Cowen's cannabis research, broadening its reach into the network of industry participants and investors with a dedicated focus on cannabis.
(Bloomberg) -- Amazon.com Inc.’s purchase of a minority stake in Deliveroo may get an extended review by U.K. antitrust regulators, who said the purchase could hurt competition by discouraging the American company from re-entering the British food-delivery market on its own.The Competition and Markets Authority will continue to review Amazon’s investment in the fast-growing startup unless they offered remedies to address competition concerns within five days. The investigation, which began in October, may go into a second phase and could eventually result in the blocking of the investment of around $500 million.Over the next four years, the food-delivery business is estimated to increase 12% a year, to $76 billion in 2022, according to investment firm Cowen Inc. While the U.K. market is competitive, Amazon’s size makes it a major force in any sector. The CMA said the deal might end Amazon’s interest, discussed in internal documents, in re-entering the British market through the purchase of another platform. It shuttered its Amazon Restaurants delivery unit in 2018.“Evidence examined in the CMA’s investigation indicated that Amazon has a strong continued interest in the restaurant delivery sector,” the regulator said Wednesday. “The CMA believes that Amazon’s investment in Deliveroo was strategic and that offering rapid food delivery is important to Amazon, and so it may have looked to invest in an alternative business absent the merger.”The original decision to investigate the deal was unusual for the CMA as it doesn’t typically review minority acquisitions. Fears of damage to competition may have been fed by previous mergers by tech giants that were let through by regulators, such as Facebook Inc.’s acquisition of messaging service WhatsApp.Amazon’s British Takeout Leaves an Unpleasant Taste: Alex WebbThere is a “real risk” that Amazon’s investment “could leave customers, restaurants and grocers facing higher prices” because of reduced competition, CMA Executive Director Andrea Gomes da Silva said in the statement.A spokesman for Deliveroo said the company is “confident” it can persuade the CMA the investment will “add to competition,” while an Amazon spokesman said Deliveroo should have “broad access to investors and supporters.”The decision may cause concern for the internet giant, which has already faced European hurdles.It closed its own U.K. food-delivery service in December 2018, with the U.S. unit following the same path several months later. Amazon was among the five big businesses singled out in December by the Labour Party, which said they “exploited, ripped off and dehumanized” their workers, just after regulators in Europe said over the summer that they would start looking into how tech companies protect customers’ privacy.Difficult DecisionsThe CMA has offered Amazon and Deliveroo the chance to avoid an extended probe if they offer changes to its competition worries. Alan Davis, a competition lawyer at Pinsent Masons, said it is “difficult to see immediately what remedies they could offer at Phase 1 to resolve the concerns.”The U.K. food delivery sector is dominated by three players, Just Eat Plc, Uber Technologies Inc.’s unit Uber Eats and Deliveroo. Competition between them is considered fairly fierce, making it difficult to make money. Deliveroo has never made a profit, losing 232 million pounds ($305 million) last year.Meanwhile, Just Eat, the U.K.’s biggest food deliverer by market share, has been in talks with Prosus NV about a possible bid for the firm. The company advised shareholders to reject Prosus’s latest 740 pence-per-share offer Tuesday, preferring them to stick to an all-share combination with Netherlands-based Takeaway.com NV.The CMA decision also puts the undisclosed rights that Amazon acquired as part of the acquisition in the spotlight.“The nature of the CMA’s concerns seems the rights that come with the minority holding,” said Josh Buckland, a competition lawyer at Linklaters. “One potential solution could be to relinquish those rights and stay on board as a minority shareholder.”It’s very likely that the deal would be referred to an in-depth investigation, Buckland said.The CMA also expressed concern about how Amazon’s investment might change the online convenience grocery delivery market outside food. Deliveroo is focused on food delivery, and supermarket chains may rely on it to deliver “ultrafast” groceries because their own logistics providers can’t meet the tight deadlines, the CMA said.“The CMA believes that both parties have major expansion plans in this area which would bring them in closer competition in the future,” the regulator said. “The merger would result in the combination of two of the largest and best established suppliers of online convenience groceries. Most competing grocery retailers that are trialing propositions in this market are reliant on a single logistics supplier” without the scale of either Deliveroo or Amazon.(Updates with comments and detail from seventh paragraph onwards.)To contact the reporter on this story: Eddie Spence in London at email@example.comTo contact the editors responsible for this story: Christopher Elser at firstname.lastname@example.org, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this […]
Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the nearly unlimited research abilities of […]
NEW YORK, Oct. 25, 2019 -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per.
Reports GAAP EPS of $0.07 and Economic Operating EPS of $0.34Profitability Driven by Higher Year-over-Year Incentive Income and Brokerage RevenuesCowen Investment Management.
NEW YORK, Oct. 08, 2019 -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its wholly-owned subsidiary Westminster Research Associates (“Westminster”),.
NEW YORK, Oct. 07, 2019 -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) will host a conference call on Thursday, October 24, 2019 at 9:00 AM ET to discuss the Company's.
Named “Best Boutique Prime Broker” NEW YORK, Oct. 02, 2019 -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its prime services division, Cowen Prime.
(Bloomberg) -- Deliveroo’s battle with food delivery rivals is intensifying after the U.K.-based startup posted strong growth, but also an increase in losses.Global sales from its food-delivery business have increased 72% over the past year, reaching 476 million pounds ($583 million) for the year ended Dec. 31.Growth was driven by its international markets and the launch of a marketplace platform for restaurants with existing fleets of drivers to sell meals via the London-based startup’s app, it said in a statement Wednesday.Although sales grew, profitability is a way off. Deliveroo posted a pre-tax loss of 232 million pounds for the period, compared to 199 million pounds a year earlier.Deliveroo Chief Executive Officer Will Shu said he was optimistic about the company’s outlook, and said it “continued to invest heavily in expansion, technology and new products.”In May, Deliveroo said it had secured $575 million in funding led by Amazon.com Inc. and other investors, and would continue to expand in markets including the U.K., France, Italy, Spain and Dubai. But in August, it announced an abrupt retreat from Germany after more than four years, as an increasingly cut-throat competitive landscape piled pressure on the industry.The food delivery industry has been roiled by mergers of late. Just Eat Plc and Takeaway.com NV agreed in July to a 5 billion-pound combination, less than six months after Takeaway.com spent about $1 billion for the German operations of rival Delivery Hero SE. Spanish food delivery startup Glovo has also drawn preliminary interest from Uber and Deliveroo in recent months.Uber Eats and Deliveroo are currently battling for virtual restaurants, where eateries lease kitchen space to prepare food for couriers. With no dining rooms or wait staff, these outfits pop up where food delivery companies expect demand, and sell their meals through Uber Eats or Deliveroo’s app.Deliveroo has raised $1.53 billion, and was valued at $2 billion in a funding round in 2017. Over the next four years, the food-delivery business is estimated to increase 12% a year, to $76 billion in 2022, according to investment firm Cowen Inc.To contact the reporter on this story: Nate Lanxon in London at email@example.comTo contact the editor responsible for this story: Giles Turner at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Cowen Inc. (COWN) (“Cowen” or the “Company”) today announced that it has completed the private placement of $25 million aggregate principal amount of the Company’s 7.25% Senior Notes due May 6, 2024 (the "Notes") pursuant to several Note Purchase Agreements entered into with certain institutional investors. The Notes comprise the same series of notes as the $53 million aggregate principal amount of 7.25% Senior Notes due May 6, 2024 that the Company issued on May 6, 2019. The Notes were purchased at a premium with an effective interest rate of 6.75%. The offer and sale of the Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Named “Best Outsourced Trading Solution” NEW YORK, Oct. 01, 2019 -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its Outsourced Trading group has.
Cowen Inc. (COWN) (“Cowen” or the “Company”) today announced that it has significantly expanded its International sales and trading team through the addition of seven new senior hires, lead by Matt Cyzer. Based in London, the experienced team most recently worked at Deutsche Bank under the leadership of Mr. Cyzer, the newly appointed Chief Executive Officer of Cowen Execution Services Limited. Cowen Execution Services Limited (CESL) is a leading independent, non-conflicted trading platform providing execution services in more than 100 markets worldwide over a full range of multi-asset capabilities. CESL, and its affiliate in the UK, is highlighted by exceptional algorithmic execution capabilities, an award-winning, full service, prime brokerage team and access to Cowen’s cutting edge research based in the United States.