CI&T (NYSE:CINT) Downgraded by Wall Street Zen to Buy

CI&T (NYSE:CINT - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Sunday.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. upgraded CI&T from a "neutral" rating to an "overweight" rating and set a $7.00 price objective on the stock in a research note on Monday, May 19th. Cowen restated a "buy" rating on shares of CI&T in a research note on Wednesday, May 14th. Citigroup initiated coverage on CI&T in a research note on Friday, April 25th. They issued a "buy" rating and a $7.00 target price on the stock. Finally, Canaccord Genuity Group reiterated 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. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.16.

CI&T Stock Up 0.2%

Shares of CI&T stock traded up $0.01 on Friday, hitting $5.60. 63,822 shares of the company's stock traded hands, compared to its average volume of 107,138. The stock has a market cap of $754.21 million, a P/E ratio of 28.00 and a beta of 1.18. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average is $6.00 and its 200 day moving average is $6.17. CI&T has a 52-week low of $4.42 and a 52-week high of $8.04.

CI&T (NYSE:CINT - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $110.88 million for the quarter, compared to analysts' expectations of $111.48 million. CI&T had a net margin of 6.30% and a return on equity of 9.48%. During the same quarter last year, the company posted $0.30 earnings per share. Equities analysts anticipate that CI&T will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in CI&T by 551.2% during the first quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company's stock worth $442,000 after acquiring an additional 62,688 shares during the period. Acadian Asset Management LLC increased its stake in CI&T by 47.7% in the 1st quarter. Acadian Asset Management LLC now owns 90,353 shares of the company's stock worth $531,000 after purchasing an additional 29,200 shares in the last quarter. Jane Street Group LLC purchased a new position in CI&T in the 1st quarter worth about $163,000. Cubist Systematic Strategies LLC increased its stake in CI&T by 93.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company's stock worth $217,000 after purchasing an additional 17,601 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in CI&T in the 1st quarter worth about $103,000. 92.45% of the stock is owned by institutional investors and hedge funds.

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.