Cision Ltd (NYSE:CISN) Receives Average Rating of “Hold” from Analysts

Cision Ltd (NYSE:CISN) has been given an average rating of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.67.

Several research analysts have recently weighed in on CISN shares. Zacks Investment Research cut Cision from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets reduced their price objective on Cision from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th.

In other news, insider Rainer Mathes sold 17,819 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $10.86, for a total transaction of $193,514.34. Following the completion of the transaction, the insider now directly owns 1,694,949 shares of the company’s stock, valued at $18,407,146.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 94,301 shares of company stock valued at $1,033,205 over the last ninety days. 6.70% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its holdings in Cision by 332.2% during the second quarter. Meeder Asset Management Inc. now owns 4,953 shares of the company’s stock worth $58,000 after acquiring an additional 3,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cision by 290.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,216 shares of the company’s stock worth $73,000 after acquiring an additional 4,624 shares in the last quarter. Bank of Montreal Can raised its holdings in Cision by 96.2% during the second quarter. Bank of Montreal Can now owns 7,653 shares of the company’s stock worth $90,000 after acquiring an additional 3,753 shares in the last quarter. AlphaOne Investment Services LLC raised its holdings in Cision by 365.7% during the second quarter. AlphaOne Investment Services LLC now owns 8,914 shares of the company’s stock worth $105,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Cision during the second quarter worth about $119,000. Institutional investors and hedge funds own 52.84% of the company’s stock.

NYSE:CISN traded down $0.45 on Friday, reaching $6.21. The company’s stock had a trading volume of 47,539 shares, compared to its average volume of 620,137. Cision has a 1-year low of $6.48 and a 1-year high of $18.28. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.72. The stock has a market cap of $986.54 million, a price-to-earnings ratio of 7.58 and a beta of 0.62. The stock’s 50-day moving average price is $10.31.

Cision (NYSE:CISN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $191.44 million. Cision had a positive return on equity of 30.05% and a negative net margin of 1.84%. Cision’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. As a group, equities research analysts forecast that Cision will post 0.79 earnings per share for the current fiscal year.

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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