Cision (NYSE:CISN) Downgraded by Zacks Investment Research to “Sell”

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Zacks Investment Research downgraded shares of Cision (NYSE:CISN) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, 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 target price on Cision from $17.00 to $14.00 and set an outperform rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $14.67.

Shares of NYSE:CISN opened at $6.66 on Tuesday. The stock has a market cap of $986.54 million, a P/E ratio of 8.02 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.72. Cision has a one year low of $6.48 and a one year high of $18.28. The company’s 50-day moving average is $10.31.

Cision (NYSE:CISN) last announced its earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $190.50 million for the quarter, compared to the consensus estimate of $191.44 million. Cision had a positive return on equity of 30.05% and a negative net margin of 1.84%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. Equities research analysts expect that Cision will post 0.79 EPS for the current year.

In related news, insider Rainer Mathes sold 17,820 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $10.88, for a total transaction of $193,881.60. Following the sale, the insider now directly owns 1,694,949 shares in the company, valued at approximately $18,441,045.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 94,301 shares of company stock worth $1,033,205. Company insiders own 6.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CISN. Cardinal Capital Management LLC CT acquired a new stake in Cision during the 2nd quarter valued at approximately $25,217,000. Janus Henderson Group PLC grew its stake in Cision by 27.0% during the 1st quarter. Janus Henderson Group PLC now owns 8,106,547 shares of the company’s stock valued at $111,627,000 after purchasing an additional 1,724,695 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Cision by 26.9% during the 2nd quarter. TimesSquare Capital Management LLC now owns 5,743,635 shares of the company’s stock valued at $67,373,000 after purchasing an additional 1,218,600 shares in the last quarter. BlackRock Inc. grew its stake in Cision by 24.3% during the 2nd quarter. BlackRock Inc. now owns 6,035,858 shares of the company’s stock valued at $70,800,000 after purchasing an additional 1,180,983 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Cision by 83.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,418,346 shares of the company’s stock valued at $16,637,000 after purchasing an additional 646,613 shares in the last quarter. Hedge funds and other institutional investors own 52.84% 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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