Cision (NYSE:CISN) Sees Unusually-High Trading Volume

Cision Ltd (NYSE:CISN) saw strong trading volume on Friday . 4,397,095 shares changed hands during trading, an increase of 624% from the previous session’s volume of 607,293 shares.The stock last traded at $11.73 and had previously closed at $11.32.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Cision from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. ValuEngine downgraded Cision from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.80.

The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day simple moving average of $11.29. The company has a market capitalization of $1.74 billion, a P/E ratio of 14.30 and a beta of 0.60.

Cision (NYSE:CISN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $185.80 million during the quarter, compared to the consensus estimate of $188.40 million. Cision had a positive return on equity of 31.61% and a negative net margin of 1.68%. Cision’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. As a group, analysts forecast that Cision Ltd will post 0.79 earnings per share for the current fiscal year.

In other news, insider Rainer Mathes sold 28,000 shares of Cision stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $11.47, for a total value of $321,160.00. Following the completion of the sale, the insider now owns 1,680,949 shares of the company’s stock, valued at $19,280,485.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 93,639 shares of company stock valued at $1,076,506 in the last three months. 6.70% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of Cision by 25.3% in the fourth quarter. Legal & General Group Plc now owns 11,114 shares of the company’s stock valued at $130,000 after purchasing an additional 2,242 shares during the period. Citigroup Inc. grew its position in shares of Cision by 21.8% in the fourth quarter. Citigroup Inc. now owns 16,544 shares of the company’s stock valued at $193,000 after purchasing an additional 2,956 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Cision by 1,088.7% in the first quarter. BNP Paribas Arbitrage SA now owns 15,465 shares of the company’s stock valued at $213,000 after purchasing an additional 14,164 shares during the period. Bessemer Group Inc. grew its position in shares of Cision by 294.5% in the fourth quarter. Bessemer Group Inc. now owns 28,800 shares of the company’s stock valued at $337,000 after purchasing an additional 21,500 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Cision by 102.4% in the fourth quarter. Squarepoint Ops LLC now owns 32,587 shares of the company’s stock valued at $381,000 after purchasing an additional 16,487 shares during the period. 51.35% of the stock is owned by institutional investors and hedge funds.

About Cision (NYSE:CISN)

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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