CI&T (NYSE:CINT) Shares Gap Up – Should You Buy?

CI&T Inc. (NYSE:CINT)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $3.67, but opened at $3.88. CI&T shares last traded at $3.79, with a volume of 2,640 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CINT shares. Zacks Research lowered shares of CI&T from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. UBS Group dropped their price target on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Finally, TD Cowen decreased their price objective on shares of CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CI&T has a consensus rating of “Hold” and a consensus target price of $6.08.

CI&T Stock Performance

The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $3.46 and a 200 day moving average price of $4.14. The firm has a market capitalization of $468.07 million, a PE ratio of 11.99 and a beta of 0.81.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The firm had revenue of $142.82 million during the quarter, compared to analysts’ expectations of $140.05 million. Research analysts expect that CI&T Inc. will post 0.31 earnings per share for the current year.

Institutional Trading of CI&T

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. purchased a new position in shares of CI&T in the third quarter valued at approximately $56,000. Janney Montgomery Scott LLC acquired a new position in shares of CI&T in the first quarter valued at approximately $60,000. RPO LLC acquired a new position in shares of CI&T in the fourth quarter valued at approximately $60,000. Russell Investments Group Ltd. increased its stake in CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares during the period. Finally, Wedbush Securities Inc. increased its stake in CI&T by 50.6% during the 4th quarter. Wedbush Securities Inc. now owns 16,975 shares of the company’s stock worth $69,000 after buying an additional 5,700 shares during the period. 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.