CI&T (NYSE:CINT) Sees Large Volume Increase – Here’s What Happened

Shares of CI&T Inc. (NYSE:CINT) saw unusually-high trading volume on Wednesday . Approximately 91,100 shares traded hands during trading, a decline of 35% from the previous session’s volume of 140,590 shares.The stock last traded at $4.0060 and had previously closed at $4.06.

Wall Street Analysts Forecast Growth

CINT has been the topic of a number of recent research reports. UBS Group raised their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Canaccord Genuity Group raised their price target on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Wedbush cut their price target on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, CI&T has an average rating of “Moderate Buy” and an average target price of $6.80.

CI&T Stock Down 0.4%

The business’s 50 day moving average is $4.07 and its 200-day moving average is $4.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $544.24 million, a price-to-earnings ratio of 13.05 and a beta of 0.80.

CI&T (NYSE:CINT) last posted its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). CI&T had a net margin of 7.90% and a return on equity of 13.19%. The firm had revenue of $136.61 million during the quarter, compared to analyst estimates of $133.28 million. Equities analysts anticipate that CI&T Inc. will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new position in CI&T in the 1st quarter valued at $181,000. Lazard Asset Management LLC grew its stake in CI&T by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after buying an additional 6,171 shares during the last quarter. R Squared Ltd grew its stake in CI&T by 24.1% in the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after buying an additional 6,707 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in CI&T in the 1st quarter valued at $60,000. Finally, XTX Topco Ltd acquired a new position in CI&T in the 4th quarter valued at $287,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Company Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.