CI&T (NYSE:CINT) Trading 6.7% Higher

CI&T Inc. (NYSE:CINT)’s stock price traded up 6.7% on Thursday . The stock traded as high as $4.00 and last traded at $4.00. 50,488 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 103,084 shares. The stock had previously closed at $3.75.

Analyst Ratings Changes

CINT has been the subject of several research reports. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.00 to $6.00 in a research report on Thursday. Citigroup cut their target price on CI&T from $4.50 to $4.25 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Canaccord Genuity Group raised CI&T from a “hold” rating to a “buy” rating and increased their price objective for the company from $5.00 to $6.00 in a research note on Thursday. Finally, UBS Group assumed coverage on CI&T in a research report on Tuesday, May 14th. They set a “neutral” rating and a $4.20 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.42.

CI&T Trading Up 4.3 %

The company has a 50-day moving average price of $4.04 and a 200-day moving average price of $4.57. The firm has a market capitalization of $525.54 million, a price-to-earnings ratio of 17.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.00 and a current ratio of 2.00.

CI&T (NYSE:CINT) last issued its earnings results on Thursday, March 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $105.50 million during the quarter, compared to the consensus estimate of $107.56 million. CI&T had a return on equity of 15.96% and a net margin of 7.11%. As a group, research analysts forecast that CI&T Inc. will post 0.25 EPS for the current fiscal year.

Institutional Trading of CI&T

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banco BTG Pactual S.A. raised its holdings in CI&T by 23.0% during the first quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after buying an additional 10,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in CI&T by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after purchasing an additional 7,047 shares during the last quarter. Herald Investment Management Ltd acquired a new stake in CI&T during the 3rd quarter worth $2,304,000. BW Gestao de Investimentos Ltda. grew its holdings in shares of CI&T by 168.7% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock valued at $4,383,000 after buying an additional 666,212 shares during the period. Finally, WCM Investment Management LLC grew its holdings in shares of CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock valued at $5,721,000 after buying an additional 58,489 shares during the period. 92.45% of the stock is owned by institutional investors.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.