Cision Ltd (NYSE:CISN) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 5,300,000 shares, a drop of 12.0% from the January 15th total of 6,020,000 shares. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 5.9% of the company’s stock are sold short.
Shares of CISN remained flat at $$9.99 during mid-day trading on Friday. The firm has a market cap of $1.48 billion, a PE ratio of -249.69 and a beta of 0.84. The business’s 50-day simple moving average is $9.98 and its 200-day simple moving average is $9.04. The company has a debt-to-equity ratio of 2.76, a current ratio of 0.87 and a quick ratio of 0.87. Cision has a 12 month low of $6.02 and a 12 month high of $14.55.
Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in Cision by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 142,691 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,704 shares during the period. ProShare Advisors LLC raised its stake in Cision by 19.0% during the 4th quarter. ProShare Advisors LLC now owns 12,414 shares of the company’s stock valued at $124,000 after acquiring an additional 1,983 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in Cision during the 3rd quarter valued at $30,000. Bank of Montreal Can raised its stake in Cision by 40.8% during the 4th quarter. Bank of Montreal Can now owns 14,294 shares of the company’s stock valued at $143,000 after acquiring an additional 4,145 shares in the last quarter. Finally, Swiss National Bank raised its stake in Cision by 2.9% during the 4th quarter. Swiss National Bank now owns 156,200 shares of the company’s stock valued at $1,557,000 after acquiring an additional 4,400 shares in the last quarter. Institutional investors own 53.65% of the company’s stock.
A number of equities research analysts have weighed in on the company. SunTrust Banks lowered Cision from a “buy” rating to a “hold” rating and raised their price objective for the company from $9.00 to $10.00 in a research note on Wednesday, October 23rd. ValuEngine upgraded Cision from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. BMO Capital Markets lowered Cision from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $14.00 to $10.00 in a research report on Tuesday, October 22nd. William Blair lowered Cision from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird lowered Cision from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $10.00 in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Cision currently has an average rating of “Hold” and an average price target of $11.20.
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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