CI&T (NYSE:CINT) Shares Up 6% - What's Next?

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 were up 6% on Monday . The stock traded as high as $5.40 and last traded at $5.48. Approximately 25,423 shares were traded during trading, a decline of 82% from the average daily volume of 143,503 shares. The stock had previously closed at $5.17.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CINT shares. Canaccord Genuity Group restated a "buy" rating and set a $8.00 price objective (down previously from $10.00) on shares of CI&T in a report on Thursday, June 26th. UBS Group lowered their price objective on shares of CI&T from $8.00 to $6.80 and set a "neutral" rating on the stock in a report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of CI&T from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One investment 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 company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $7.80.

CI&T Stock Performance

The company has a market cap of $740.74 million, a P/E ratio of 23.58 and a beta of 1.17. The company's 50-day moving average is $5.36 and its two-hundred day moving average is $5.70. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.29.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $116.32 million during the quarter, compared to analyst estimates 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. Equities analysts predict that CI&T Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On CI&T

Several institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC grew its position in CI&T by 52,926.9% during the second quarter. Lazard Asset Management LLC now owns 41,361 shares of the company's stock valued at $246,000 after buying an additional 41,283 shares during the period. Jane Street Group LLC boosted its position in CI&T by 180.1% during the second quarter. Jane Street Group LLC now owns 76,553 shares of the company's stock worth $457,000 after purchasing an additional 49,219 shares during the period. BW Gestao de Investimentos Ltda. boosted its position in CI&T by 9.2% during the second quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company's stock worth $17,209,000 after purchasing an additional 242,811 shares during the period. Jump Financial LLC bought a new position in CI&T during the second quarter worth about $185,000. Finally, Marshall Wace LLP boosted its position in CI&T by 90.4% during the second quarter. Marshall Wace LLP now owns 380,818 shares of the company's stock worth $2,273,000 after purchasing an additional 180,800 shares during the period. Institutional investors own 92.45% of the company's stock.

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.