CI&T Inc. (NYSE:CINT - Get Free Report) shares saw an uptick in trading volume on Tuesday . 141,321 shares changed hands during mid-day trading, an increase of 51% from the previous session's volume of 93,661 shares.The stock last traded at $5.72 and had previously closed at $5.47.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CINT. Wedbush set a $9.00 target price on shares of CI&T in a research report on Monday, February 3rd. Canaccord Genuity Group reissued a "buy" rating and issued a $10.00 price objective on shares of CI&T in a research report on Monday, March 17th. Finally, Citigroup started coverage on CI&T in a research report on Friday, April 25th. They set a "buy" rating and a $7.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CI&T presently has an average rating of "Moderate Buy" and an average price target of $8.26.
Get Our Latest Analysis on CI&T
CI&T Trading Down 0.7 %
The company has a market cap of $775.77 million, a P/E ratio of 44.31 and a beta of 1.24. The business has a fifty day simple moving average of $5.87 and a 200 day simple moving average of $6.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58.
CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.36). CI&T had a net margin of 4.39% and a return on equity of 9.55%. The firm had revenue of $112.34 million for the quarter, compared to analyst estimates of $646.68 million. Analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.
Institutional Trading of CI&T
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp bought a new position in CI&T during the 4th quarter worth $68,000. Virtu Financial LLC acquired a new stake in shares of CI&T in the 3rd quarter worth about $108,000. Two Sigma Investments LP bought a new stake in CI&T in the 4th quarter valued at about $111,000. Cubist Systematic Strategies LLC boosted its position in CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock worth $114,000 after acquiring an additional 8,459 shares during the period. Finally, Verde Servicos Internacionais S.A. bought a new position in CI&T in the 4th quarter valued at about $152,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.
About CI&T
(
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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.
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