Cision (NYSE:CISN) Sees Unusually-High Trading Volume

Cision Ltd (NYSE:CISN) shares saw strong trading volume on Tuesday . 2,472,500 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 1,039,070 shares.The stock last traded at $9.97 and had previously closed at $9.95.

A number of analysts have recently weighed in on the company. Robert W. Baird cut Cision from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $13.00 to $10.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada cut Cision from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 23rd. SunTrust Banks cut Cision from a “buy” rating to a “hold” rating and raised their price objective for the stock from $9.00 to $10.00 in a research report on Wednesday, October 23rd. Citigroup cut Cision from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets cut Cision from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Cision has an average rating of “Hold” and a consensus target price of $11.20.

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.76. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 12.01 and a beta of 0.85. The stock has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $9.40.

Cision (NYSE:CISN) last issued its earnings results on Thursday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $185.65 million during the quarter, compared to analyst estimates of $189.64 million. Cision had a positive return on equity of 25.62% and a negative net margin of 0.70%. Research analysts predict that Cision Ltd will post 0.77 earnings per share for the current fiscal year.

In related news, insider Rainer Mathes sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $10.11, for a total value of $252,750.00. Following the completion of the transaction, the insider now owns 1,613,705 shares in the company, valued at approximately $16,314,557.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ellington Management Group LLC purchased a new position in shares of Cision during the 2nd quarter valued at about $130,000. Bailard Inc. raised its stake in shares of Cision by 54.4% during the 3rd quarter. Bailard Inc. now owns 52,500 shares of the company’s stock valued at $404,000 after buying an additional 18,500 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of 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 buying an additional 646,613 shares during the last quarter. BlackRock Inc. raised its stake in shares of 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 buying an additional 1,180,983 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Cision by 6.2% during the 2nd quarter. Janus Henderson Group PLC now owns 8,612,175 shares of the company’s stock valued at $101,021,000 after buying an additional 505,628 shares during the last quarter. Institutional investors and hedge funds own 53.35% of the company’s stock.

Cision Company Profile (NYSE:CISN)

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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