CI&T (NYSE:CINT) Sees Large Volume Increase - Time to Buy?

CI&T Inc. (NYSE:CINT - Get Free Report) shares saw an uptick in trading volume on Wednesday . 125,298 shares traded hands during trading, an increase of 17% from the previous session's volume of 107,547 shares.The stock last traded at $6.12 and had previously closed at $5.83.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CINT. Cowen restated a "buy" rating on shares of CI&T in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 target price for the company in a report on Monday, May 19th. Canaccord Genuity Group reissued a "buy" rating and set a $10.00 price target on shares of CI&T in a research report on Monday, March 17th. Wedbush set a $9.00 price target on CI&T in a research note on Monday, February 3rd. Finally, Citigroup initiated coverage on shares of CI&T in a report on Friday, April 25th. They issued a "buy" rating and a $7.00 price objective on the stock. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CI&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.41.

CI&T Price Performance

The firm has a 50 day moving average of $5.69 and a two-hundred day moving average of $6.31. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $809.44 million, a PE ratio of 46.23 and a beta of 1.24.

CI&T (NYSE:CINT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The company had revenue of $110.88 million during the quarter, compared to analysts' expectations of $111.48 million. CI&T had a return on equity of 9.55% and a net margin of 4.39%. During the same quarter in the previous year, the company earned $0.30 EPS. Research analysts predict that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of CI&T

A number of large investors have recently added to or reduced their stakes in CINT. Bank of New York Mellon Corp purchased a new position in shares of CI&T in the 4th quarter worth approximately $3,036,000. BW Gestao de Investimentos Ltda. increased its stake in shares of CI&T by 20.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company's stock valued at $16,387,000 after buying an additional 464,529 shares during the period. Aberdeen Group plc purchased a new stake in shares of CI&T in the 1st quarter worth approximately $1,681,000. Goldman Sachs Group Inc. raised its stake 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 buying an additional 62,688 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in CI&T by 110.0% during the fourth quarter. Renaissance Technologies LLC now owns 111,700 shares of the company's stock valued at $678,000 after purchasing an additional 58,500 shares in the last quarter. Institutional investors own 92.45% of the company's stock.

About CI&T

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm's solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.