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

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

Analysts Set New Price Targets

A number of research firms have issued reports on CINT. Canaccord Genuity Group increased their price objective on CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Weiss Ratings raised CI&T from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. UBS Group increased their target price on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Wedbush cut their target price on CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.80.

CI&T Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $501.31 million, a PE ratio of 12.21 and a beta of 0.85. The business has a 50 day moving average price of $4.64 and a 200 day moving average price of $4.67.

CI&T (NYSE:CINT) last released its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). CI&T had a net margin of 7.90% and a return on equity of 13.19%. The business had revenue of $128.74 million for the quarter, compared to analysts’ expectations of $133.28 million. As a group, equities research analysts expect that CI&T Inc. will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On CI&T

Several institutional investors have recently modified their holdings of the business. BW Gestao de Investimentos Ltda. boosted its position in shares of CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after buying an additional 242,811 shares during the last quarter. Royce & Associates LP boosted its position in shares of CI&T by 69.7% during the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after buying an additional 364,696 shares during the last quarter. GMT Capital Corp purchased a new stake in shares of CI&T during the fourth quarter valued at $1,786,000. Marshall Wace LLP boosted its position in shares of CI&T by 90.4% during the second quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after buying an additional 180,800 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of CI&T by 34.1% during the third quarter. Citadel Advisors LLC now owns 180,926 shares of the company’s stock valued at $932,000 after buying an additional 46,031 shares during the last quarter. 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.