CI&T (NYSE:CINT) Shares Up 4.7% – Time to Buy?

CI&T Inc. (NYSE:CINT) shares shot up 4.7% on Tuesday . The company traded as high as $3.86 and last traded at $3.8840. 22,154 shares were traded during mid-day trading, a decline of 82% from the average session volume of 124,320 shares. The stock had previously closed at $3.71.

Analysts Set New Price Targets

A number of research firms have weighed in on CINT. JPMorgan Chase & Co. dropped their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. UBS Group boosted their target price on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Canaccord Genuity Group boosted their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Wedbush dropped their target price on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.80.

CI&T Stock Down 3.0%

The company has a market capitalization of $477.89 million, a PE ratio of 11.45 and a beta of 0.85. 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 stock’s 50 day moving average is $4.58 and its 200 day moving average is $4.65.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $128.74 million for the quarter, compared to analysts’ expectations of $133.28 million. CI&T had a net margin of 7.90% and a return on equity of 13.19%. On average, sell-side analysts anticipate that CI&T Inc. will post 0.39 EPS for the current fiscal year.

Institutional Trading of CI&T

A number of institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in shares of CI&T by 6.4% during the 4th quarter. State Street Corp now owns 62,242 shares of the company’s stock valued at $253,000 after buying an additional 3,719 shares in the last quarter. Franklin Resources Inc. lifted its stake in CI&T by 45.7% in the 4th quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock worth $65,000 after purchasing an additional 4,983 shares in the last quarter. Wedbush Securities Inc. lifted its stake in CI&T by 50.6% in the 4th quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock worth $69,000 after purchasing an additional 5,700 shares in the last quarter. Lazard Asset Management LLC lifted 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 worth $521,000 after purchasing an additional 6,171 shares in the last quarter. Finally, R Squared Ltd lifted 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 worth $175,000 after purchasing an additional 6,707 shares in the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

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.