CI&T (NYSE:CINT) Shares Gap Up - Here's What Happened

Key Points

• CI&T Inc. shares experienced a gap up in price, opening at $5.79, after closing at $5.62.
• Wall Street analysts are mixed on CI&T, with UBS lowering its price target to $6.80 while others maintain a "buy" rating with an average target price of $7.80.
• The company reported a Q2 earnings per share (EPS) of $0.07, slightly exceeding analyst expectations, but revenue was significantly lower than estimated at $116.32 million.

CI&T Inc. (NYSE:CINT - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $5.62, but opened at $5.79. CI&T shares last traded at $5.72, with a volume of 110,558 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of CI&T from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Canaccord Genuity Group restated a "buy" rating and set a $8.00 price target (down from $10.00) on shares of CI&T in a report on Thursday, June 26th. Finally, UBS Group reduced their price objective on shares of CI&T from $8.00 to $6.80 and set a "neutral" rating for the company in a research note on Tuesday, July 22nd. One equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $7.80.

CI&T Trading Down 2.8%

The business's 50-day moving average price is $5.36 and its two-hundred day moving average price is $5.69. The company has a market capitalization of $740.74 million, a P/E ratio of 22.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.49 and a quick ratio of 1.49.

CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $659.84 million. CI&T had a net margin of 7.27% and a return on equity of 11.34%. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that CI&T Inc. will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new stake in CI&T in the 1st quarter valued at $62,000. Russell Investments Group Ltd. raised its holdings in shares of CI&T by 176.3% in the 2nd 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 period. Walleye Capital LLC bought a new stake in shares of CI&T in the 1st quarter valued at about $103,000. Two Sigma Investments LP bought a new position in CI&T in the 4th quarter valued at about $111,000. Finally, Nipun Capital L.P. bought a new position in CI&T in the 2nd quarter valued at 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.