Cision Ltd (NYSE:CISN) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,514,000 shares, a growth of 13.9% from the May 15th total of 1,328,900 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average trading volume of 679,100 shares, the short-interest ratio is currently 2.2 days.
NYSE CISN traded down $0.06 on Friday, hitting $10.92. The stock had a trading volume of 339,804 shares, compared to its average volume of 607,425. The business has a fifty day moving average of $11.20. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.77 and a current ratio of 0.77. Cision has a 52-week low of $10.40 and a 52-week high of $18.28. The company has a market capitalization of $1.62 billion, a PE ratio of 13.32 and a beta of 0.63.
Cision (NYSE:CISN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Cision had a negative net margin of 1.68% and a positive return on equity of 31.61%. The business had revenue of $185.80 million for the quarter, compared to analyst estimates of $188.40 million. During the same period in the previous year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that Cision will post 0.79 EPS for the current fiscal year.
Several brokerages recently issued reports on CISN. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.25.
In other news, insider Rainer Mathes sold 15,000 shares of Cision stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $12.12, for a total transaction of $181,800.00. Following the completion of the sale, the insider now owns 1,712,769 shares of the company’s stock, valued at $20,758,760.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 109,301 shares of company stock valued at $1,248,005 in the last ninety days. Insiders own 6.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership grew its stake in Cision by 3.1% during the first quarter. Artisan Partners Limited Partnership now owns 2,535,168 shares of the company’s stock worth $34,909,000 after buying an additional 76,175 shares during the period. New York State Common Retirement Fund grew its stake in Cision by 1.6% during the first quarter. New York State Common Retirement Fund now owns 540,005 shares of the company’s stock worth $7,436,000 after buying an additional 8,300 shares during the period. California Public Employees Retirement System grew its stake in Cision by 1.4% during the first quarter. California Public Employees Retirement System now owns 103,633 shares of the company’s stock worth $1,427,000 after buying an additional 1,395 shares during the period. Janus Henderson Group PLC grew its stake in Cision by 27.0% during the first quarter. Janus Henderson Group PLC now owns 8,106,547 shares of the company’s stock worth $111,627,000 after buying an additional 1,724,695 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in Cision during the first quarter worth approximately $386,000. 51.35% of the stock is currently owned by institutional investors and hedge funds.
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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