CI&T (NYSE:CINT) Shares Down 6.4%

CI&T Inc. (NYSE:CINT - Get Free Report)'s stock price traded down 6.4% on Monday . The company traded as low as $4.35 and last traded at $4.40. 56,739 shares were traded during mid-day trading, a decline of 45% from the average session volume of 103,299 shares. The stock had previously closed at $4.70.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley restated an "equal weight" rating and issued a $5.50 price target (down from $6.00) on shares of CI&T in a report on Friday, January 5th. Canaccord Genuity Group lifted their target price on shares of CI&T from $4.00 to $5.00 and gave the stock a "hold" rating in a research note on Monday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, CI&T presently has a consensus rating of "Hold" and a consensus price target of $5.58.

CI&T Stock Down 13.8 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.00 and a current ratio of 2.00. The business's 50 day moving average is $4.38 and its 200 day moving average is $4.86. The company has a market capitalization of $544.36 million, a price-to-earnings ratio of 18.41 and a beta of 1.04.

CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 7.11% and a return on equity of 15.96%. The business had revenue of $105.50 million during the quarter, compared to analysts' expectations of $107.56 million. Sell-side analysts anticipate that CI&T Inc. will post 0.25 earnings per share for the current year.

Institutional Trading of CI&T

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in CI&T by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,471,732 shares of the company's stock valued at $9,566,000 after acquiring an additional 108,890 shares during the period. BW Gestao de Investimentos Ltda. acquired a new position in shares of CI&T in the 3rd quarter valued at $2,568,000. Herald Investment Management Ltd acquired a new position in shares of CI&T in the 3rd quarter valued at $2,304,000. Sagil Capital LLP acquired a new position in shares of CI&T in the 2nd quarter valued at $1,968,000. Finally, Bank of America Corp DE lifted its stake in shares of CI&T by 15.6% in the 1st quarter. Bank of America Corp DE now owns 312,360 shares of the company's stock valued at $1,721,000 after purchasing an additional 42,180 shares during the period. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.