CI&T (NYSE:CINT) Trading 7.9% Higher – Here’s Why

Shares of CI&T Inc. (NYSE:CINT) were up 7.9% during trading on Thursday . The stock traded as high as $4.67 and last traded at $4.7050. Approximately 114,841 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 174,584 shares. The stock had previously closed at $4.36.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings lowered CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, December 26th. Wall Street Zen raised shares of CI&T from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. dropped 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. Canaccord Genuity Group lowered their target price on CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Zacks Research cut shares of CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $7.16.

CI&T Stock Up 4.0%

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.23. The stock has a market cap of $651.58 million, a P/E ratio of 17.92 and a beta of 1.15. The firm has a 50-day simple moving average of $4.51 and a two-hundred day simple moving average of $4.99.

CI&T (NYSE:CINT) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a return on equity of 12.42% and a net margin of 7.83%.The business had revenue of $127.31 million for the quarter, compared to the consensus estimate of $673.11 million. Equities research analysts expect that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new stake in shares of CI&T during the 3rd quarter valued at $56,000. Wedbush Securities Inc. acquired a new stake in CI&T during the third quarter worth about $58,000. Russell Investments Group Ltd. increased its holdings in CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares during the period. Centiva Capital LP acquired a new position in shares of CI&T in the 3rd quarter valued at approximately $72,000. Finally, Nipun Capital L.P. bought a new stake in shares of CI&T during the 2nd quarter worth approximately $111,000. Institutional investors own 92.45% of the company’s stock.

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.