Cision (CISN) Upgraded to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Cision (NYSE:CISN) from a sell rating to a hold rating in a report released on Wednesday, 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 upgraded Cision from a hold rating to a buy rating in a research report on Wednesday, March 20th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $18.44.

Shares of CISN opened at $10.69 on Wednesday. Cision has a 1 year low of $10.79 and a 1 year high of $18.28. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.72. The stock has a market cap of $1.61 billion, a PE ratio of 13.19 and a beta of 0.51.

Cision (NYSE:CISN) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 during the quarter, compared to the consensus estimate of $188.40 million. During the same period last year, the company earned $0.19 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that Cision will post 0.79 EPS for the current fiscal year.

In other Cision news, insider Rainer Mathes sold 15,000 shares of Cision stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $12.41, for a total value of $186,150.00. Following the completion of the sale, the insider now directly owns 1,727,769 shares in the company, valued at $21,441,613.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 65,639 shares of company stock valued at $755,346. 6.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc increased its holdings in Cision by 162.5% in the first quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the company’s stock worth $58,000 after purchasing an additional 2,600 shares in the last quarter. Legal & General Group Plc grew its stake in Cision by 52.0% in the third quarter. Legal & General Group Plc now owns 8,872 shares of the company’s stock valued at $149,000 after acquiring an additional 3,037 shares during the period. BNP Paribas Arbitrage SA grew its stake in Cision by 1,088.7% in the first quarter. BNP Paribas Arbitrage SA now owns 15,465 shares of the company’s stock valued at $213,000 after acquiring an additional 14,164 shares during the period. Citigroup Inc. grew its stake in Cision by 21.8% in the fourth quarter. Citigroup Inc. now owns 16,544 shares of the company’s stock valued at $193,000 after acquiring an additional 2,956 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in Cision in the first quarter valued at approximately $386,000. Institutional investors and hedge funds own 51.35% of the company’s stock.

Cision Company Profile

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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