CI&T (NYSE:CINT) Trading 4.3% Higher - Here's Why

Key Points

• CI&T's stock price increased by 4.3%, trading at $4.80 after a high of $4.78, despite a significant drop in trading volume.
• Analysts have given CI&T a consensus rating of "Buy," with a notable upgrade from Zacks Research to "strong-buy," while Canaccord Genuity set a price target of $8.00.
• Institutional investors hold 92.45% of CI&T's stock, indicating strong institutional support and recent increases in holdings by several investment groups.

CI&T Inc. (NYSE:CINT - Get Free Report)'s share price traded up 4.3% on Wednesday . The stock traded as high as $4.78 and last traded at $4.80. 51,319 shares were traded during mid-day trading, a decline of 71% from the average session volume of 174,414 shares. The stock had previously closed at $4.60.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Zacks Research upgraded CI&T from a "hold" rating to a "strong-buy" rating in a research note on Monday. Weiss Ratings restated a "hold (c)" rating on shares of CI&T in a research note on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $8.00 price objective on shares of CI&T in a report on Thursday, October 16th. Wall Street Zen raised CI&T from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, UBS Group dropped their price objective on CI&T from $8.00 to $6.80 and set a "neutral" rating on the stock in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $7.80.

CI&T Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $640.40 million, a price-to-earnings ratio of 19.81 and a beta of 1.15. The stock's 50-day moving average price is $5.06 and its 200-day moving average price is $5.46.

CI&T (NYSE:CINT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a return on equity of 11.34% and a net margin of 7.27%.The firm had revenue of $116.32 million during the quarter, compared to the consensus estimate of $659.84 million. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that CI&T Inc. will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in CI&T in the 1st quarter valued at $62,000. Russell Investments Group Ltd. grew its stake in shares of 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 buying an additional 7,456 shares during the period. Walleye Capital LLC purchased a new stake in shares of CI&T during the 1st quarter valued at $103,000. Nipun Capital L.P. purchased a new stake in shares of CI&T during the 2nd quarter valued at $111,000. Finally, Jane Street Group LLC purchased a new stake in CI&T during the 1st quarter worth $163,000. 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.

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