Cision (CISN) Rating Lowered to Hold at ValuEngine
ValuEngine cut shares of Cision (NYSE:CISN) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
CISN has been the topic of several other research reports. Zacks Investment Research raised Cision from a strong sell rating to a hold rating in a research report on Tuesday, July 10th. Citigroup assumed coverage on Cision in a research report on Thursday, August 2nd. They set a buy rating and a $21.00 price target on the stock. William Blair assumed coverage on Cision in a research report on Wednesday, August 15th. They set an outperform rating on the stock. JPMorgan Chase & Co. assumed coverage on Cision in a research report on Monday, July 23rd. They set a neutral rating and a $18.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on Cision in a research report on Monday, July 9th. They set an outperform rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $18.30.
Shares of NYSE CISN opened at $14.07 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.90. Cision has a fifty-two week low of $11.13 and a fifty-two week high of $18.28. The stock has a market cap of $1.98 billion, a PE ratio of 24.68 and a beta of 0.57.
In other news, Director L. Dyson Dryden sold 35,911 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $15.44, for a total value of $554,465.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Ein sold 715,599 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $15.44, for a total value of $11,048,848.56. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CISN. Northern Trust Corp increased its holdings in shares of Cision by 5.2% in the first quarter. Northern Trust Corp now owns 94,707 shares of the company’s stock valued at $1,096,000 after purchasing an additional 4,717 shares during the period. BlackRock Inc. increased its holdings in shares of Cision by 197.1% in the first quarter. BlackRock Inc. now owns 602,106 shares of the company’s stock valued at $6,966,000 after purchasing an additional 399,417 shares during the period. Millennium Management LLC increased its holdings in shares of Cision by 402.5% in the first quarter. Millennium Management LLC now owns 609,366 shares of the company’s stock valued at $7,050,000 after purchasing an additional 488,098 shares during the period. Reinhart Partners Inc. increased its holdings in shares of Cision by 6.9% in the second quarter. Reinhart Partners Inc. now owns 344,940 shares of the company’s stock valued at $5,157,000 after purchasing an additional 22,210 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Cision in the second quarter valued at approximately $27,017,000. 43.15% of the stock is currently owned by institutional investors and hedge funds.
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.
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