Cision (NYSE: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 issued 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, ValuEngine cut shares of Cision from a buy rating to a hold rating in a research note on Monday, April 1st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cision presently has a consensus rating of Hold and a consensus target price of $17.80.

Cision stock opened at $11.02 on Tuesday. The company has a fifty day moving average of $11.29. Cision has a 1 year low of $10.40 and a 1 year high of $18.28. The firm has a market cap of $1.63 billion, a PE ratio of 13.28 and a beta of 0.63. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.72.

Cision (NYSE:CISN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Cision had a negative net margin of 1.68% and a positive return on equity of 31.61%. The firm had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $188.40 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Cision will post 0.79 EPS for the current fiscal year.

In other Cision news, insider Rainer Mathes sold 15,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $12.12, for a total value of $181,800.00. Following the completion of the transaction, the insider now owns 1,712,769 shares in the company, valued at $20,758,760.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 93,639 shares of company stock valued at $1,076,506 in the last quarter. 6.70% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CISN. Morgan Stanley boosted its stake in shares of Cision by 86.2% during the third quarter. Morgan Stanley now owns 157,054 shares of the company’s stock valued at $2,639,000 after acquiring an additional 72,721 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Cision by 96.1% during the fourth quarter. Rhumbline Advisers now owns 88,261 shares of the company’s stock valued at $1,033,000 after acquiring an additional 43,244 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Cision by 4,358.1% during the fourth quarter. Prudential Financial Inc. now owns 452,942 shares of the company’s stock valued at $5,300,000 after acquiring an additional 442,782 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Cision by 722.0% during the fourth quarter. California Public Employees Retirement System now owns 102,238 shares of the company’s stock valued at $1,196,000 after acquiring an additional 89,800 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Cision by 32.4% during the fourth quarter. BlackRock Inc. now owns 4,703,520 shares of the company’s stock valued at $55,032,000 after acquiring an additional 1,151,604 shares during the last quarter. Hedge funds and other institutional investors own 51.35% 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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