CI&T Inc. (NYSE:CINT) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analysts have a consensus “Hold” rating on CI&T, with seven buys, two holds and two sells among 11 firms. The average 12-month price target is $6.08, although several firms recently lowered their targets.
• CI&T shares opened at $3.21 and remain near their 52-week low of $2.80, with a market capitalization of approximately $432 million. The stock’s 50-day and 200-day moving averages are $3.24 and $3.58, respectively.
• The company beat revenue expectations but missed quarterly earnings estimates, reporting $0.07 in EPS versus the expected $0.09 and $142.82 million in revenue versus $140.05 million expected. Institutional investors own 92.45% of the stock, while insiders purchased 41,105 shares over the past 90 days.

CI&T Inc. (NYSE:CINT - Get Free Report) has earned a consensus rating of "Hold" from the eleven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $6.08.

Several research firms have recently issued reports on CINT. TD Cowen lowered their price target on CI&T from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, August 12th. UBS Group cut their price objective on shares of CI&T from $7.20 to $6.20 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. reduced their price objective on shares of CI&T from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Wednesday, August 12th. Wedbush lowered shares of CI&T from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $7.00 to $4.00 in a research note on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of CI&T in a report on Friday, September 25th.

Insider Buying and Selling at CI&T

In other news, Director Fernando Matt Borges Martins purchased 9,116 shares of CI&T stock in a transaction that occurred on Wednesday, October 7th. The stock was bought at an average price of $3.12 per share, with a total value of $28,441.92. Following the completion of the transaction, the director directly owned 20 shares of the company's stock, valued at approximately $62.40. The trade was a -100.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 41,105 shares of company stock worth $127,888 over the last ninety days.

Hedge Funds Weigh In On CI&T

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CINT. Beacon Hill Wealth Management LTD. bought a new stake in shares of CI&T in the 2nd quarter worth $617,000. Squarepoint Ops LLC purchased a new position in shares of CI&T in the second quarter worth $43,000. AXQ Capital LP bought a new position in shares of CI&T during the second quarter valued at $74,000. Wedbush Securities Inc. lifted its holdings in shares of CI&T by 118.1% during the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company's stock valued at $139,000 after purchasing an additional 22,525 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of CI&T during the first quarter valued at $181,000. 92.45% of the stock is owned by institutional investors.

CI&T Stock Performance

Shares of CINT opened at $3.21 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The business's 50 day moving average price is $3.24 and its 200-day moving average price is $3.58. CI&T has a 52 week low of $2.80 and a 52 week high of $5.80. The stock has a market cap of $432.00 million, a P/E ratio of 11.07 and a beta of 0.83.

CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.05 million. Equities research analysts anticipate that CI&T will post 0.31 earnings per share for the current fiscal year.

CI&T Company Profile

CI&T NYSE: CINT is a global technology and digital transformation company that helps organizations modernize their businesses, customer experiences and technology infrastructure. Its services include digital strategy, user experience and product design, software engineering, cloud computing, data and analytics, artificial intelligence, and technology modernization.

The company works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.

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