CI&T (NYSE:CINT) Rating Lowered to Strong Sell at Zacks Research

CI&T (NYSE:CINT) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Wedbush cut shares of CI&T from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $4.00 in a report on Tuesday, July 21st. TD Cowen decreased their target price on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of CI&T in a research report on Friday, September 25th. Finally, UBS Group cut their price target on shares of CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.08.

CI&T Price Performance

NYSE CINT opened at $3.21 on Thursday. The stock has a market capitalization of $432.00 million, a P/E ratio of 11.07 and a beta of 0.83. CI&T has a 1 year low of $2.80 and a 1 year high of $5.80. The business’s fifty day moving average is $3.24 and its two-hundred day moving average is $3.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31.

CI&T (NYSE:CINT) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. On average, research analysts forecast that CI&T will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Fernando Matt Borges Martins acquired 9,116 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The shares were acquired at an average cost of $3.12 per share, with a total value of $28,441.92. Following the purchase, the director owned 20 shares of the company’s stock, valued at approximately $62.40. The trade was a -100.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 41,105 shares of company stock worth $127,888 in the last 90 days.

Hedge Funds Weigh In On CI&T

A number of institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in CI&T by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after purchasing an additional 6,171 shares during the period. R Squared Ltd increased its position in CI&T by 24.1% in the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after buying an additional 6,707 shares during the period. Janney Montgomery Scott LLC bought a new position in CI&T in the 1st quarter worth approximately $60,000. Squarepoint Ops LLC bought a new position in CI&T in the 2nd quarter worth approximately $43,000. Finally, AXQ Capital LP acquired a new position in shares of CI&T during the second quarter worth approximately $74,000. 92.45% of the stock is currently owned by institutional investors.

About CI&T

CI&T (NYSE: CINT) is a global technology and digital transformation company that helps organizations modernize their businesses, customer experiences and technology infrastructure. Its services include digital strategy, user experience and product design, software engineering, cloud computing, data and analytics, artificial intelligence, and technology modernization.

The company works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.