Cision (NYSE:CISN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
According to Zacks, “Cision Ltd. operates as a software company. Its product portfolio consists of PR Software, Social Software, Government Relations and PAC Software, PRWeb and Help a reporter out. The company serves industries which include Pharmaceuticals and Bio-Tech, Banking, Technology, Travel and Hospitality. Cision Ltd, formerly known as Capitol Acquisition Corp. III, is based in Chicago, United States of America. “
CISN has been the subject of several other research reports. Deutsche Bank downgraded Cision from a “buy” rating to a “hold” rating and increased their price objective for the company from $16.00 to $18.00 in a report on Monday, October 8th. William Blair started coverage on Cision in a report on Wednesday, August 15th. They issued an “outperform” rating for the company. ValuEngine downgraded Cision from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. started coverage on Cision in a report on Monday, July 23rd. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Citigroup began coverage on Cision in a report on Thursday, August 2nd. They issued a “buy” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Cision currently has an average rating of “Buy” and a consensus price target of $18.30.
NYSE CISN opened at $14.07 on Thursday. The company has a market capitalization of $1.98 billion, a PE ratio of 24.68 and a beta of 0.57. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.81 and a quick ratio of 0.81. Cision has a 12 month low of $11.13 and a 12 month high of $18.28.
Cision (NYSE:CISN) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $177.20 million during the quarter, compared to the consensus estimate of $176.92 million. Cision had a positive return on equity of 31.13% and a negative net margin of 6.65%. The business’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that Cision will post 0.82 earnings per share for the current year.
In related news, Director L. Dyson Dryden sold 35,911 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $15.44, for a total value of $554,465.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark Ein sold 715,599 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $15.44, for a total value of $11,048,848.56. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CISN. Northern Trust Corp lifted its position in shares of Cision by 5.2% during the 1st quarter. Northern Trust Corp now owns 94,707 shares of the company’s stock worth $1,096,000 after purchasing an additional 4,717 shares during the last quarter. BlackRock Inc. lifted its position in Cision by 197.1% in the first quarter. BlackRock Inc. now owns 602,106 shares of the company’s stock valued at $6,966,000 after acquiring an additional 399,417 shares during the last quarter. Millennium Management LLC lifted its position in Cision by 402.5% in the first quarter. Millennium Management LLC now owns 609,366 shares of the company’s stock valued at $7,050,000 after acquiring an additional 488,098 shares during the last quarter. Reinhart Partners Inc. lifted its position in Cision by 6.9% in the second quarter. Reinhart Partners Inc. now owns 344,940 shares of the company’s stock valued at $5,157,000 after acquiring an additional 22,210 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Cision in the second quarter valued at $27,017,000. Hedge funds and other institutional investors own 43.15% of the company’s stock.
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.
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