Cision (CISN) Coverage Initiated at William Blair
William Blair assumed coverage on shares of Cision (NYSE:CISN) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage issued an outperform rating on the stock.
A number of other brokerages have also commented on CISN. JPMorgan Chase & Co. assumed coverage on Cision in a research note on Monday, July 23rd. They set a neutral rating and a $18.00 price target for the company. Zacks Investment Research lowered Cision from a hold rating to a sell rating in a research note on Monday, August 13th. Oppenheimer assumed coverage on Cision in a research note on Tuesday, June 5th. They set an outperform rating and a $19.00 price target for the company. Robert W. Baird assumed coverage on Cision in a research note on Monday, June 4th. They set an outperform rating and a $19.00 price target for the company. Finally, Citigroup assumed coverage on Cision in a research note on Thursday, August 2nd. They set a buy rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $18.10.
Shares of Cision stock opened at $16.62 on Wednesday. Cision has a 12 month low of $11.07 and a 12 month high of $17.28. The company has a market cap of $2.08 billion, a P/E ratio of 29.16 and a beta of -0.05. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.81 and a quick ratio of 0.81.
In other Cision news, Director Mark Ein sold 110,140 shares of the company’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $14.45, for a total transaction of $1,591,523.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director L. Dyson Dryden sold 244,755 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $14.45, for a total value of $3,536,709.75. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in Cision by 197.1% during 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. Citadel Advisors LLC purchased a new stake in shares of Cision in the first quarter worth approximately $6,890,000. Millennium Management LLC raised 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 worth $7,050,000 after buying an additional 488,098 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Cision in the first quarter worth approximately $3,109,000. Finally, First Pacific Advisors LLC purchased a new stake in shares of Cision in the first quarter worth approximately $7,009,000. Institutional investors and hedge funds own 31.71% of the company’s stock.
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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