CI&T (NYSE:CINT) Shares Down 3.3% - Should You Sell?

CI&T Inc. (NYSE:CINT - Get Free Report) shares fell 3.3% during trading on Tuesday . The stock traded as low as $6.04 and last traded at $6.08. 173,253 shares were traded during mid-day trading, an increase of 76% from the average session volume of 98,468 shares. The stock had previously closed at $6.29.

Analysts Set New Price Targets

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

CI&T Stock Performance

The firm has a market cap of $809.44 million, a P/E ratio of 46.23 and a beta of 1.24. The stock's 50 day moving average is $5.69 and its two-hundred day moving average is $6.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58.

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

Institutional Trading of CI&T

Large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in CI&T during the first quarter worth about $62,000. Stifel Financial Corp bought a new stake in CI&T during the fourth quarter worth about $68,000. Walleye Capital LLC bought a new stake in CI&T during the first quarter worth about $103,000. Two Sigma Investments LP bought a new stake in CI&T during the fourth quarter worth about $111,000. Finally, Cubist Systematic Strategies LLC grew its stake in CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock worth $114,000 after buying an additional 8,459 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

CI&T Company Profile

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.