CI&T (NYSE:CINT) Trading Down 3.5% – Should You Sell?

CI&T Inc. (NYSE:CINT) was down 3.5% on Wednesday . The stock traded as low as $4.40 and last traded at $4.3510. Approximately 68,501 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 170,098 shares. The stock had previously closed at $4.51.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CINT. Zacks Research downgraded CI&T from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Canaccord Genuity Group lowered their price objective on CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CI&T in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. lowered their price target on CI&T from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.16.

CI&T Stock Performance

The stock’s 50 day simple moving average is $4.57 and its two-hundred day simple moving average is $5.12. The company has a market capitalization of $585.99 million, a P/E ratio of 16.12 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 1.40.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a net margin of 7.83% and a return on equity of 12.42%. The company had revenue of $127.31 million during the quarter, compared to analyst estimates of $673.11 million. As a group, research analysts expect that CI&T Inc. will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On CI&T

A number of institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in CI&T by 24,544.5% during the second quarter. JPMorgan Chase & Co. now owns 1,460,678 shares of the company’s stock valued at $8,720,000 after purchasing an additional 1,454,751 shares during the period. Royce & Associates LP bought a new position in shares of CI&T during the third quarter worth $2,696,000. BW Gestao de Investimentos Ltda. grew its holdings in shares of CI&T by 9.2% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock valued at $17,209,000 after buying an additional 242,811 shares during the period. Aberdeen Group plc increased its position in shares of CI&T by 74.5% in the 2nd quarter. Aberdeen Group plc now owns 492,617 shares of the company’s stock valued at $2,970,000 after buying an additional 210,370 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of CI&T by 90.4% in the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock valued at $2,273,000 after buying an additional 180,800 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

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.