Shares of Cision (NYSE:CISN) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $14.19 and last traded at $13.88, with a volume of 440029 shares changing hands. The stock had previously closed at $13.78.
CISN has been the subject of several research reports. Deutsche Bank initiated coverage on shares of Cision in a research report on Thursday, March 22nd. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd.
The stock has a market cap of $1,689.91, a P/E ratio of 24.56 and a beta of -0.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.00.
Cision (NYSE:CISN) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $169.00 million during the quarter, compared to analysts’ expectations of $169.82 million. During the same quarter last year, the company earned $0.10 EPS. analysts expect 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 the company’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $10.32, for a total value of $59,846,980.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bamco Inc. NY increased its stake in Cision by 1.4% in the 4th quarter. Bamco Inc. NY now owns 6,798,252 shares of the company’s stock valued at $80,695,000 after buying an additional 91,466 shares during the period. TimesSquare Capital Management LLC increased its stake in Cision by 5.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,271,340 shares of the company’s stock valued at $26,961,000 after buying an additional 118,500 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Cision in the 4th quarter valued at $5,321,000. BlackRock Inc. increased its stake in Cision by 56.4% in the 4th quarter. BlackRock Inc. now owns 202,689 shares of the company’s stock valued at $2,405,000 after buying an additional 73,096 shares during the period. Finally, Steinberg Global Asset Management increased its stake in Cision by 10.5% in the 4th 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 during the period. 24.11% of the stock is currently owned by institutional investors.
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Cision Ltd. engages in the provision of software solutions. It specializes in cloud-based public relations software, government relations, PRWeb and other related products including distribution, media monitoring, media database, and media analysis. The company was founded on March 9, 2017 and is headquartered in Chicago, IL.
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