Cision (NYSE:CISN) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Cision (NYSE:CISN) from a hold rating to a sell rating in a report published on Tuesday, 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, BMO Capital Markets dropped their price objective on Cision from $17.00 to $14.00 and set an outperform rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Cision has an average rating of Hold and an average price target of $14.50.

CISN opened at $6.25 on Tuesday. The business has a fifty day simple moving average of $10.12 and a 200 day simple moving average of $11.81. The company has a market capitalization of $988.24 million, a PE ratio of 7.53 and a beta of 0.62. Cision has a 1 year low of $6.02 and a 1 year high of $18.28. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.77.

Cision (NYSE:CISN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $191.44 million. Cision had a positive return on equity of 27.68% and a negative net margin of 1.84%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Equities analysts anticipate that Cision will post 0.76 earnings per share for the current fiscal year.

In other Cision news, insider Rainer Mathes sold 15,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $10.21, for a total value of $153,150.00. Following the completion of the transaction, the insider now owns 1,643,787 shares of the company’s stock, valued at approximately $16,783,065.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 94,301 shares of company stock valued at $1,033,205. Insiders own 6.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CISN. Bank of New York Mellon Corp increased its holdings in Cision by 35.4% in the 4th quarter. Bank of New York Mellon Corp now owns 235,003 shares of the company’s stock worth $2,750,000 after purchasing an additional 61,502 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cision by 73.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 923,949 shares of the company’s stock worth $10,810,000 after purchasing an additional 391,361 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cision by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 707,945 shares of the company’s stock worth $8,282,000 after purchasing an additional 123,265 shares in the last quarter. Bank of America Corp DE increased its holdings in Cision by 228.1% in the 4th quarter. Bank of America Corp DE now owns 80,432 shares of the company’s stock worth $941,000 after purchasing an additional 55,915 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Cision by 25.3% in the 4th quarter. Legal & General Group Plc now owns 11,114 shares of the company’s stock worth $130,000 after purchasing an additional 2,242 shares in the last quarter. 52.84% of the stock is owned by institutional investors and hedge funds.

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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