Zacks Investment Research cut shares of Cision (NYSE:CISN) from a hold rating to a sell rating in a research note released 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 cut their price target on Cision from $17.00 to $14.00 and set an outperform rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Cision currently has an average rating of Hold and a consensus target price of $14.67.

Cision stock opened at $6.66 on Tuesday. Cision has a 12 month low of $6.48 and a 12 month high of $18.28. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.77 and a quick ratio of 0.77. The business’s 50 day moving average is $10.31. The stock has a market capitalization of $986.54 million, a PE ratio of 8.02 and a beta of 0.62.

Cision (NYSE:CISN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Cision had a positive return on equity of 30.05% and a negative net margin of 1.84%. The business had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $191.44 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts expect that Cision will post 0.79 EPS for the current fiscal year.

In other Cision news, insider Rainer Mathes sold 17,819 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $10.86, for a total value of $193,514.34. Following the completion of the transaction, the insider now owns 1,694,949 shares in the company, valued at $18,407,146.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 94,301 shares of company stock valued at $1,033,205 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 the business. California Public Employees Retirement System raised its position in Cision by 1.4% in the first quarter. California Public Employees Retirement System now owns 103,633 shares of the company’s stock worth $1,427,000 after acquiring an additional 1,395 shares in the last quarter. Legal & General Group Plc grew its holdings in Cision by 25.3% in the fourth quarter. Legal & General Group Plc now owns 11,114 shares of the company’s stock valued at $130,000 after purchasing an additional 2,242 shares during the last quarter. Bank of Montreal Can grew its holdings in Cision by 96.2% in the second quarter. Bank of Montreal Can now owns 7,653 shares of the company’s stock valued at $90,000 after purchasing an additional 3,753 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Cision by 332.2% in the second quarter. Meeder Asset Management Inc. now owns 4,953 shares of the company’s stock valued at $58,000 after purchasing an additional 3,807 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cision by 290.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,216 shares of the company’s stock valued at $73,000 after purchasing an additional 4,624 shares during 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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