CI&T (NYSE:CINT) Stock Price Down 4.7% - Should You Sell?

Key Points

• CI&T Inc. shares fell by 4.7% mid-day on Tuesday, trading at $4.97, with a significant decline in daily volume by 47% compared to its average.
• Analyst ratings for CI&T are mixed, with a target price set by UBS Group at $6.80, while Canaccord Genuity maintains a "buy" rating with a $8.00 target, reflecting diverse views among experts.
• CI&T missed earnings expectations for the previous quarter, reporting $0.05 EPS against a consensus estimate of $0.07, and had a revenue of $110.88 million, below the expected $111.48 million.

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) dropped 4.7% during mid-day trading on Tuesday . The stock traded as low as $4.99 and last traded at $4.97. Approximately 77,209 shares traded hands during trading, a decline of 47% from the average daily volume of 144,781 shares. The stock had previously closed at $5.22.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CINT. Cowen reissued a "buy" rating on shares of CI&T in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 target price on the stock in a report on Monday, May 19th. Canaccord Genuity Group reissued a "buy" rating and issued a $8.00 target price (down from $10.00) on shares of CI&T in a research note on Thursday, June 26th. UBS Group lowered their price target on CI&T from $8.00 to $6.80 and set a "neutral" rating for the company in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of CI&T from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CI&T has a consensus rating of "Moderate Buy" and an average target price of $7.73.

CI&T Stock Performance

The business has a fifty day moving average price of $5.65 and a 200-day moving average price of $6.01. The stock has a market capitalization of $712.46 million, a P/E ratio of 21.92 and a beta of 1.17. 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 earnings results on Wednesday, August 13th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 7.27% and a return on equity of 11.34%. The business had revenue of $116.32 million for the quarter, compared to analysts' expectations of $659.84 million. On average, sell-side analysts expect that CI&T Inc. will post 0.2 EPS for the current year.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in CINT. Lazard Asset Management LLC lifted its holdings in shares of CI&T by 52,926.9% during the 2nd 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 increased 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 valued at $457,000 after acquiring an additional 49,219 shares during the last quarter. BW Gestao de Investimentos Ltda. increased 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 valued at $17,209,000 after acquiring an additional 242,811 shares during the last quarter. Jump Financial LLC bought a new position in CI&T in the second quarter valued at about $185,000. Finally, Marshall Wace LLP boosted its position in CI&T by 90.4% in 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 last quarter. Hedge funds and other institutional investors own 92.45% of the company's stock.

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.