CI&T (NYSE:CINT) Sees Unusually-High Trading Volume – What’s Next?

CI&T Inc. (NYSE:CINT) saw strong trading volume on Monday . 283,212 shares changed hands during trading, an increase of 122% from the previous session’s volume of 127,310 shares.The stock last traded at $3.8890 and had previously closed at $3.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research 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 for the company in a report on Tuesday, May 12th. JPMorgan Chase & Co. cut their price target on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.80.

CI&T Price Performance

The company has a market capitalization of $517.46 million, a price-to-earnings ratio of 12.40 and a beta of 0.80. The company’s 50 day simple moving average is $4.29 and its 200-day simple moving average is $4.59. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18.

CI&T (NYSE:CINT) last released its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). CI&T had a return on equity of 13.19% and a net margin of 7.90%.The firm had revenue of $136.61 million for the quarter, compared to analyst estimates of $133.28 million. On average, equities research analysts predict that CI&T Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently modified their holdings of CINT. Royce & Associates LP acquired a new stake in shares of CI&T during the 3rd quarter worth about $2,696,000. GMT Capital Corp acquired a new stake in shares of CI&T during the 4th quarter worth about $1,786,000. BW Gestao de Investimentos Ltda. boosted its stake in shares of CI&T by 9.2% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after purchasing an additional 242,811 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of CI&T by 90.4% during the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after purchasing an additional 180,800 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of CI&T during the 4th quarter worth about $287,000. 92.45% of the stock is 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.