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

Key Points

• CI&T Inc. experienced a significant trading volume spike, with approximately 780,964 shares traded, marking a 429% increase from the previous day's volume.
• Analysts generally have a positive outlook on CI&T, with an average rating of "Buy" and a consensus price target of $7.80.
• JPMorgan Chase & Co. dramatically increased its stake in CI&T by 24,544.5%, owning over 1.4 million shares valued at nearly $8.72 million.

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) saw strong trading volume on Tuesday . 780,964 shares were traded during mid-day trading, an increase of 429% from the previous session's volume of 147,660 shares.The stock last traded at $5.69 and had previously closed at $5.50.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CINT. UBS Group cut their price target on CI&T from $8.00 to $6.80 and set a "neutral" rating on the stock in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of CI&T from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $8.00 price target (down from $10.00) on shares of CI&T in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $7.80.

CI&T Stock Performance

The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock's fifty day simple moving average is $5.36 and its 200 day simple moving average is $5.70. The company has a market cap of $740.74 million, a price-to-earnings ratio of 22.92 and a beta of 1.17.

CI&T (NYSE:CINT - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $116.32 million for the quarter, compared to analyst estimates of $659.84 million. CI&T had a return on equity of 11.34% and a net margin of 7.27%. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On CI&T

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in CI&T during the first quarter worth $62,000. Russell Investments Group Ltd. boosted its holdings in CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company's stock valued at $67,000 after acquiring an additional 7,456 shares during the period. Walleye Capital LLC acquired a new position in CI&T in the 1st quarter valued at about $103,000. Two Sigma Investments LP purchased a new stake in CI&T during the fourth quarter worth about $111,000. Finally, Nipun Capital L.P. acquired a new stake in shares of CI&T during the second quarter worth about $111,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.