BMO Capital Markets Initiates Coverage on Cision (NYSE:CISN)

Equities research analysts at BMO Capital Markets initiated coverage on shares of Cision (NYSE:CISN) in a note issued to investors on Friday, May 11th, Marketbeat Ratings reports. The firm set an “outperform” rating and a $16.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 16.28% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Deutsche Bank initiated coverage on Cision in a research note on Thursday, March 22nd. They set a “buy” rating for the company. Zacks Investment Research raised shares of Cision from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, March 23rd. Finally, ValuEngine raised Cision from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $14.80.

Shares of CISN traded up $0.34 during trading hours on Friday, hitting $13.76. The stock had a trading volume of 149,878 shares, compared to its average volume of 296,223. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 103.23 and a beta of -0.11. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.87 and a current ratio of 0.87. Cision has a 52 week low of $9.90 and a 52 week high of $14.19.

Cision (NYSE:CISN) last released its earnings results on Tuesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Cision had a negative net margin of 15.10% and a positive return on equity of 3.04%. The company had revenue of $179.30 million for the quarter, compared to the consensus estimate of $169.49 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. sell-side analysts anticipate that Cision will post 0.83 EPS for the current fiscal year.

In other 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY lifted its stake in Cision by 3.7% in the first quarter. Bamco Inc. NY now owns 7,046,447 shares of the company’s stock valued at $81,527,000 after buying an additional 248,195 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cision by 24.1% during the first quarter. JPMorgan Chase & Co. now owns 5,925,492 shares of the company’s stock valued at $68,558,000 after acquiring an additional 1,149,712 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Cision by 5.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,271,340 shares of the company’s stock valued at $26,961,000 after acquiring an additional 118,500 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Cision by 40.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 630,600 shares of the company’s stock valued at $7,296,000 after acquiring an additional 182,300 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Cision by 402.5% during 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 in the last quarter. 24.36% of the stock is currently owned by hedge funds and other institutional investors.

About Cision

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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