Cision (CISN) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Cision (NYSE:CISN) from a hold rating to a sell rating in a report released on Wednesday morning, 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 lowered Cision from a buy rating to a hold rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $18.44.

CISN stock opened at $11.56 on Wednesday. Cision has a 1-year low of $10.86 and a 1-year high of $18.28. The company has a market capitalization of $1.74 billion, a PE ratio of 14.31 and a beta of 0.51. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.89 and a current ratio of 0.77.

Cision (NYSE:CISN) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Cision had a positive return on equity of 31.61% and a negative net margin of 1.68%. The company had revenue of $185.80 million for the quarter, compared to analyst estimates of $188.40 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Analysts forecast that Cision will post 0.79 earnings per share for the current year.

In related news, insider Rainer Mathes sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $12.12, for a total transaction of $181,800.00. Following the sale, the insider now directly owns 1,712,769 shares in the company, valued at approximately $20,758,760.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CISN. NumerixS Investment Technologies Inc lifted its holdings in Cision by 162.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the company’s stock worth $58,000 after buying an additional 2,600 shares in the last quarter. Legal & General Group Plc lifted its holdings in Cision by 25.3% during the 4th quarter. Legal & General Group Plc now owns 11,114 shares of the company’s stock worth $130,000 after buying an additional 2,242 shares in the last quarter. Citigroup Inc. lifted its holdings in Cision by 21.8% during the 4th quarter. Citigroup Inc. now owns 16,544 shares of the company’s stock worth $193,000 after buying an additional 2,956 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Cision by 1,088.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 15,465 shares of the company’s stock worth $213,000 after buying an additional 14,164 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Cision by 294.5% during the 4th quarter. Bessemer Group Inc. now owns 28,800 shares of the company’s stock worth $337,000 after buying an additional 21,500 shares in the last quarter. Institutional investors and hedge funds own 50.05% 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.

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