CI&T (NYSE:CINT) Trading Down 5.4% – Here’s What Happened

CI&T Inc. (NYSE:CINT)’s stock price fell 5.4% on Monday . The company traded as low as $4.55 and last traded at $4.75. 216,724 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 137,512 shares. The stock had previously closed at $5.02.

Wall Street Analysts Forecast Growth

CINT has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. UBS Group boosted their price objective on CI&T from $7.00 to $7.10 and gave the company a “buy” rating in a report on Thursday, March 12th. Wall Street Zen upgraded CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Weiss Ratings raised CI&T from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. decreased their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.78.

CI&T Stock Down 5.4%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33. The business’s fifty day simple moving average is $5.04 and its two-hundred day simple moving average is $4.78. The company has a market cap of $639.26 million, a PE ratio of 15.83 and a beta of 1.10.

CI&T (NYSE:CINT) last posted its earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. The business had revenue of $69.07 million for the quarter. On average, analysts predict that CI&T Inc. will post 0.2 earnings per share for the current year.

Institutional Trading of CI&T

Several institutional investors have recently bought and sold shares of CINT. Franklin Resources Inc. acquired a new position in shares of CI&T during the 3rd quarter worth approximately $56,000. Wedbush Securities Inc. acquired a new stake in CI&T in the 3rd quarter valued at $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 worth $67,000 after acquiring an additional 7,456 shares in the last quarter. Centiva Capital LP acquired a new position in CI&T during the third quarter worth $72,000. Finally, RPO LLC purchased a new position in CI&T during the fourth quarter valued at $60,000. 92.45% of the stock is owned by institutional investors and hedge funds.

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.