CI&T (NYSE:CINT) Trading 6% Higher - Here's Why

Key Points

• CI&T Inc. shares increased by 6% to $5.48, despite a 82% decline in trading volume compared to the average session.
• Analysts have shown positive sentiment towards CI&T, with a consensus rating of "Buy" and a target price of $7.80.
• In its most recent earnings report, CI&T beat expectations with earnings per share of $0.07, although its revenue fell short of analysts' estimates at $116.32 million.

CI&T Inc. (NYSE:CINT - Get Free Report) shares traded up 6% during mid-day trading on Monday . The company traded as high as $5.40 and last traded at $5.48. 25,423 shares changed hands during trading, a decline of 82% from the average session volume of 143,503 shares. The stock had previously closed at $5.17.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen raised CI&T from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. 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. JPMorgan Chase & Co. raised CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 price target on the stock in a report on Monday, May 19th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $8.00 price target (down previously from $10.00) on shares of CI&T in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, CI&T has a consensus rating of "Buy" and a consensus target price of $7.80.

CI&T Trading Up 6.4%

The company has a market capitalization of $740.61 million, a PE ratio of 23.00 and a beta of 1.17. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average of $5.39 and a two-hundred day moving average of $5.73.

CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, beating 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 return on equity of 11.34% and a net margin of 7.27%. CI&T has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

A number of large investors have recently modified their holdings of CINT. Hsbc Holdings PLC purchased a new position in CI&T in the 1st quarter worth approximately $62,000. Russell Investments Group Ltd. increased its stake in CI&T by 176.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company's stock worth $67,000 after purchasing an additional 7,456 shares during the period. Walleye Capital LLC purchased a new position in CI&T in the 1st quarter worth approximately $103,000. Two Sigma Investments LP purchased a new position in CI&T in the 4th quarter worth approximately $111,000. Finally, Nipun Capital L.P. purchased a new position in CI&T in the 2nd quarter worth approximately $111,000. 92.45% of the stock is owned by hedge funds and other 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.

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