CI&T (NYSE:CINT) Sets New 1-Year Low - Should You Sell?

Key Points

• CI&T hit a new 52-week low of $3.82 (last $3.867) on increased volume, yet analysts maintain a consensus "Moderate Buy" with an average price target of $7.28—well above the current price.
• Latest quarter showed $0.05 EPS on $69.07M revenue with an 8.3% net margin and 13.46% ROE; the stock trades at a PE of 12.89, has a market cap of ~$520M, and about 92.45% of shares are held by institutional investors.

CI&T Inc. (NYSE:CINT - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $3.82 and last traded at $3.8670, with a volume of 151016 shares changing hands. The stock had previously closed at $4.00.

Analyst Ratings Changes

CINT has been the topic of a number of research analyst reports. Wedbush initiated coverage on shares of CI&T in a report on Thursday, April 9th. They set an "outperform" rating and a $9.00 price objective on the stock. Wall Street Zen raised shares of CI&T from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Canaccord Genuity Group boosted their price objective on shares of CI&T from $6.00 to $7.00 and gave the company a "buy" rating in a report on Thursday, March 12th. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Wednesday, February 18th. Finally, UBS Group boosted their price objective on shares of CI&T from $7.00 to $7.10 and gave the company a "buy" rating in a report on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.28.

CI&T Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33. The company has a market capitalization of $520.42 million, a PE ratio of 12.89 and a beta of 0.85. The firm's fifty day simple moving average is $4.84 and its 200 day simple moving average is $4.72.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Sunday, March 22nd. The company reported $0.05 EPS for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. The company had revenue of $69.07 million for the quarter. On average, research analysts predict that CI&T Inc. will post 0.39 EPS for the current year.

Institutional Investors Weigh In On CI&T

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. purchased a new stake in CI&T in the third quarter valued at $56,000. Wedbush Securities Inc. purchased a new stake in CI&T in the third quarter valued at $58,000. Janney Montgomery Scott LLC purchased a new stake in CI&T in the first quarter valued at $60,000. RPO LLC purchased a new stake in CI&T in the fourth quarter valued at $60,000. Finally, Russell Investments Group Ltd. boosted its holdings in CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company's stock valued at $67,000 after purchasing an additional 7,456 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

About CI&T

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.

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