CI&T (NYSE:CINT) Shares Gap Down to $4.55

CI&T Inc. (NYSE:CINTGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.55, but opened at $4.45. CI&T shares last traded at $4.56, with a volume of 6,020 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CINT. Canaccord Genuity Group upped their target price on shares of CI&T from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday, March 18th. Canaccord Genuity Group began coverage on shares of CI&T in a report on Wednesday, December 6th. They issued a “hold” rating and a $5.50 target price on the stock. Finally, Morgan Stanley restated an “equal weight” rating and issued a $5.50 target price (down from $6.00) on shares of CI&T in a report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.58.

Get Our Latest Report on CINT

CI&T Stock Performance

The stock’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.98. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.45. The company has a market cap of $582.30 million, a price-to-earnings ratio of 20.00 and a beta of 1.04.

CI&T (NYSE:CINTGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. CI&T had a net margin of 7.11% and a return on equity of 15.96%. The company had revenue of $105.50 million during the quarter, compared to the consensus estimate of $107.56 million. On average, analysts expect that CI&T Inc. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position 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 worth $9,566,000 after purchasing an additional 108,890 shares in the last quarter. Mondrian Investment Partners LTD increased its position in CI&T by 11.4% during the 2nd quarter. Mondrian Investment Partners LTD now owns 829,595 shares of the company’s stock worth $5,202,000 after purchasing an additional 85,163 shares in the last quarter. Ranger Investment Management L.P. increased its position in CI&T by 2.4% during the 2nd quarter. Ranger Investment Management L.P. now owns 575,643 shares of the company’s stock worth $3,609,000 after purchasing an additional 13,740 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in CI&T during the 3rd quarter worth approximately $2,568,000. Finally, Herald Investment Management Ltd acquired a new stake in CI&T during the 3rd quarter worth approximately $2,304,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

(Get Free Report)

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.

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