Cision (NYSE:CISN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, March 15th. The brokerage currently has a $14.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 19.35% from the stock’s current price.
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. “
CISN opened at $11.73 on Thursday. Cision has a 1 year low of $9.90 and a 1 year high of $13.68. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.06 and a current ratio of 1.06.
Cision (NYSE:CISN) last posted its earnings results on Thursday, March 8th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $169.00 million during the quarter, compared to analysts’ expectations of $169.82 million. During the same quarter last year, the firm earned $0.10 EPS. equities research analysts predict that Cision will post 0.84 earnings per share for the current year.
In related news, Director Holdings (Cayman) L.P. Canyon sold 5,799,126 shares of Cision stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $10.32, for a total transaction of $59,846,980.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently made changes to their positions in CISN. Skylands Capital LLC acquired a new position in Cision in the fourth quarter valued at approximately $604,000. Schwab Charles Investment Management Inc. lifted its holdings in Cision by 42.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 121,120 shares of the company’s stock valued at $1,438,000 after acquiring an additional 36,308 shares during the period. Malaga Cove Capital LLC lifted its holdings in Cision by 384.8% in the fourth quarter. Malaga Cove Capital LLC now owns 29,086 shares of the company’s stock valued at $345,000 after acquiring an additional 23,086 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Cision in the fourth quarter valued at approximately $1,831,000. Finally, Steinberg Global Asset Management increased its position in shares of Cision by 10.5% in the fourth quarter. Steinberg Global Asset Management now owns 177,824 shares of the company’s stock valued at $2,111,000 after buying an additional 16,944 shares in the last quarter. 24.11% of the stock is owned by institutional investors.
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Cision Company Profile
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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