CI&T (NYSE:CINT) Shares Gap Down – What’s Next?

CI&T Inc. (NYSE:CINT) gapped down prior to trading on Friday . The stock had previously closed at $4.24, but opened at $4.14. CI&T shares last traded at $4.3320, with a volume of 1,082 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CINT. Zacks Research cut shares of CI&T from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Canaccord Genuity Group dropped their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. JPMorgan Chase & Co. decreased their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings lowered CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CI&T currently has a consensus rating of “Moderate Buy” and an average target price of $7.16.

CI&T Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40. The company’s fifty day moving average price is $4.54 and its 200 day moving average price is $5.05. The company has a market cap of $577.10 million, a PE ratio of 15.95 and a beta of 1.15.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $127.31 million during the quarter, compared to analysts’ expectations of $673.11 million. CI&T had a net margin of 7.83% and a return on equity of 12.42%. On average, equities research analysts predict that CI&T Inc. will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

A number of hedge funds and other institutional investors have recently made changes to their positions in CINT. Franklin Resources Inc. purchased a new position in CI&T in the third quarter valued at approximately $56,000. Wedbush Securities Inc. purchased a new stake in shares of CI&T in the 3rd quarter valued at about $58,000. Hsbc Holdings PLC bought a new position in shares of CI&T in the 1st quarter worth $62,000. Russell Investments Group Ltd. lifted its position in CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in CI&T in the third quarter worth $72,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Company Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.