CI&T (NYSE:CINT) Stock Price Up 4.7% – What’s Next?

CI&T Inc. (NYSE:CINT) shares rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $3.86 and last traded at $3.8840. Approximately 22,154 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 124,320 shares. The stock had previously closed at $3.71.

Wall Street Analyst Weigh In

CINT has been the subject of several research reports. JPMorgan Chase & Co. cut their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Wedbush cut their target price on CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Canaccord Genuity Group boosted their price objective on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Weiss Ratings upgraded CI&T from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded CI&T from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, CI&T presently has an average rating of “Moderate Buy” and a consensus price target of $6.80.

CI&T Stock Up 0.4%

The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $4.64 and a two-hundred day simple moving average of $4.67. The stock has a market cap of $501.31 million, a P/E ratio of 12.21 and a beta of 0.85.

CI&T (NYSE:CINT) last announced its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $128.74 million for the quarter, compared to the consensus estimate of $133.28 million. CI&T had a net margin of 7.90% and a return on equity of 13.19%. On average, equities analysts forecast that CI&T Inc. will post 0.39 EPS for the current year.

Hedge Funds Weigh In On CI&T

A number of institutional investors have recently added to or reduced their stakes in CINT. Cubist Systematic Strategies LLC raised its holdings in CI&T by 93.8% in the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after purchasing an additional 17,601 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in CI&T by 551.2% in the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after purchasing an additional 62,688 shares in the last quarter. Jane Street Group LLC bought a new position in CI&T in the first quarter worth $163,000. Acadian Asset Management LLC raised its holdings in CI&T by 47.7% in the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after purchasing an additional 29,200 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares in the last quarter. 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.