CI&T (NYSE:CINT) Trading 4.6% Higher - Here's Why

CI&T Inc. (NYSE:CINT - Get Free Report) was up 4.6% during trading on Friday . The stock traded as high as $5.62 and last traded at $5.56. Approximately 17,583 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 92,321 shares. The stock had previously closed at $5.31.

Analyst Ratings Changes

Several equities research analysts have recently commented on CINT shares. Citigroup initiated coverage on shares of CI&T in a research report on Friday, April 25th. They set a "buy" rating and a $7.00 price target for the company. Wedbush set a $9.00 target price on shares of CI&T in a report on Monday, February 3rd. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $10.00 price target on shares of CI&T in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.26.

CI&T Price Performance

The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $781.16 million, a PE ratio of 44.62 and a beta of 1.24. The company's 50 day moving average is $5.97 and its 200 day moving average is $6.44.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.36). CI&T had a net margin of 4.39% and a return on equity of 9.55%. The business had revenue of $112.34 million during the quarter, compared to the consensus estimate of $646.68 million. As a group, analysts predict that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently made changes to their positions in CINT. Stifel Financial Corp purchased a new stake in CI&T in the fourth quarter valued at approximately $68,000. Virtu Financial LLC acquired a new stake in shares of CI&T in the third quarter worth $108,000. Two Sigma Investments LP purchased a new position in shares of CI&T during the fourth quarter worth $111,000. Cubist Systematic Strategies LLC lifted its position in CI&T by 82.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock valued at $114,000 after purchasing an additional 8,459 shares during the period. Finally, Verde Servicos Internacionais S.A. purchased a new stake in CI&T in the fourth quarter valued at $152,000. 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.