Cision (CISN) Shares Up 7%

Shares of Cision (NYSE:CISN) shot up 7% during trading on Tuesday . The stock traded as high as $13.65 and last traded at $13.37. 1,589,966 shares were traded during trading, an increase of 301% from the average session volume of 396,305 shares. The stock had previously closed at $12.49.

Several brokerages have commented on CISN. Zacks Investment Research downgraded shares of Cision from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Deutsche Bank initiated coverage on shares of Cision in a report on Thursday, March 22nd. They issued a “buy” rating on the stock.

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The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1,499.82, a PE ratio of 23.46 and a beta of -0.04.

Cision (NYSE:CISN) last posted its quarterly earnings data on Thursday, March 8th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $169.00 million during the quarter, compared to analyst estimates of $169.82 million. During the same quarter last year, the business earned $0.10 earnings per share. equities research analysts expect that Cision will post 0.84 EPS for the current fiscal year.

In other news, Director Holdings (Cayman) L.P. Canyon sold 5,799,126 shares of Cision stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $10.32, for a total value of $59,846,980.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Several large investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY grew its stake in shares of Cision by 1.4% in the fourth quarter. Bamco Inc. NY now owns 6,798,252 shares of the company’s stock valued at $80,695,000 after buying an additional 91,466 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Cision by 5.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,271,340 shares of the company’s stock valued at $26,961,000 after buying an additional 118,500 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Cision in the fourth quarter valued at $5,321,000. BlackRock Inc. grew its stake in shares of Cision by 56.4% in the fourth quarter. BlackRock Inc. now owns 202,689 shares of the company’s stock valued at $2,405,000 after buying an additional 73,096 shares in the last quarter. Finally, Steinberg Global Asset Management grew its stake in shares of Cision by 10.5% in the fourth quarter. Steinberg Global Asset Management now owns 177,824 shares of the company’s stock valued at $2,111,000 after buying an additional 16,944 shares in the last quarter. 24.11% of the stock is owned by institutional investors and hedge funds.

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About Cision

Cision Ltd. engages in the provision of software solutions. It specializes in cloud-based public relations software, government relations, PRWeb and other related products including distribution, media monitoring, media database, and media analysis. The company was founded on March 9, 2017 and is headquartered in Chicago, IL.

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