Cision (CISN) Stock Rating Upgraded by Zacks Investment Research

Cision (NYSE:CISN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, May 7th, Zacks.com reports.

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. “

Separately, ValuEngine downgraded Cision from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.44.

NYSE CISN traded up $0.29 on Tuesday, reaching $11.39. The company had a trading volume of 507,336 shares, compared to its average volume of 571,644. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.72 and a beta of 0.51. Cision has a fifty-two week low of $10.86 and a fifty-two week 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 posted its quarterly earnings data on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. Cision had a positive return on equity of 36.56% and a negative net margin of 1.68%. The business had revenue of $185.80 million during the quarter, compared to the consensus estimate of $188.40 million. During the same period in the prior year, the business posted $0.19 earnings per share. Cision’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts expect that Cision will post 0.8 earnings per share for the current fiscal year.

In other news, insider Rainer Mathes sold 15,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $12.12, for a total transaction of $181,800.00. Following the transaction, the insider now owns 1,712,769 shares of the company’s stock, valued at approximately $20,758,760.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its position in Cision by 7.0% in the 1st quarter. Citigroup Inc. now owns 17,707 shares of the company’s stock valued at $244,000 after acquiring an additional 1,163 shares in the last quarter. Raymond James & Associates lifted its position in Cision by 0.5% in the 4th quarter. Raymond James & Associates now owns 249,965 shares of the company’s stock valued at $2,925,000 after acquiring an additional 1,165 shares in the last quarter. California Public Employees Retirement System lifted its position in Cision by 1.4% in the 1st quarter. California Public Employees Retirement System now owns 103,633 shares of the company’s stock valued at $1,427,000 after acquiring an additional 1,395 shares in the last quarter. Legal & General Group Plc lifted its position in Cision by 25.3% in the 4th quarter. Legal & General Group Plc now owns 11,114 shares of the company’s stock valued at $130,000 after acquiring an additional 2,242 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its position in Cision by 162.5% in the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the company’s stock valued at $58,000 after acquiring an additional 2,600 shares in the last quarter. 50.25% of the stock is currently owned by institutional investors and hedge funds.

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.

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