Cision (CISN) Downgraded by ValuEngine

Cision (NYSE:CISN) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, April 1st, ValuEngine reports.

CISN has been the topic of a number of other reports. Goldman Sachs Group started coverage on Cision in a report on Thursday, January 3rd. They issued a “neutral” rating and a $12.00 price target on the stock. Zacks Investment Research upgraded Cision from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $18.20.

CISN traded up $0.23 during trading on Monday, hitting $12.02. 1,311,100 shares of the stock were exchanged, compared to its average volume of 564,619. The company has a market capitalization of $1.82 billion, a P/E ratio of 14.29 and a beta of 0.62. Cision has a 1 year low of $10.86 and a 1 year high of $18.28. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 4.18.

Cision (NYSE:CISN) last announced its quarterly earnings results on Thursday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. Cision had a positive return on equity of 34.60% and a negative net margin of 3.34%. The business had revenue of $186.37 million for the quarter, compared to the consensus estimate of $186.45 million. Equities analysts anticipate that Cision will post 0.8 earnings per share for the current year.

In related news, insider Rainer Mathes sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $12.41, for a total transaction of $186,150.00. Following the transaction, the insider now directly owns 1,727,769 shares in the company, valued at approximately $21,441,613.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Steinberg Global Asset Management grew its stake in Cision by 11.2% during the 1st quarter. Steinberg Global Asset Management now owns 179,093 shares of the company’s stock worth $2,466,000 after buying an additional 18,099 shares during the last quarter. Reinhart Partners Inc. grew its stake in Cision by 50.7% during the 1st quarter. Reinhart Partners Inc. now owns 510,241 shares of the company’s stock worth $7,026,000 after buying an additional 171,591 shares during the last quarter. Deutsche Bank AG grew its stake in Cision by 18.5% during the 4th quarter. Deutsche Bank AG now owns 221,620 shares of the company’s stock worth $2,591,000 after buying an additional 34,677 shares during the last quarter. Geode Capital Management LLC grew its stake in Cision by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 707,945 shares of the company’s stock worth $8,282,000 after buying an additional 123,265 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Cision by 73.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 923,949 shares of the company’s stock worth $10,810,000 after buying an additional 391,361 shares during the last quarter. Hedge funds and other institutional investors own 49.07% of the company’s stock.

About Cision

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.

Recommended Story: Should You Consider an Index Fund?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cision (NYSE:CISN)

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