CI&T Inc. (NYSE:CINT) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of CI&T Inc. (NYSE:CINT) have been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $6.08.

A number of brokerages have issued reports on CINT. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $4.00 in a research report on Tuesday, July 21st. TD Cowen lowered their price objective on CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Zacks Research cut CI&T from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Finally, UBS Group cut their target price on CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research report on Wednesday, August 12th.

CI&T Trading Down 0.7%

Shares of CI&T stock opened at $3.00 on Monday. CI&T has a fifty-two week low of $2.80 and a fifty-two week high of $5.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $403.74 million, a P/E ratio of 10.35 and a beta of 0.82. The company has a fifty day moving average of $3.18 and a 200 day moving average of $3.97.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. On average, sell-side analysts anticipate that CI&T will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at CI&T

In other news, Director Fernando Matt Borges Martins acquired 9,116 shares of the company’s stock in a transaction on Wednesday, October 7th. The stock was bought at an average cost of $3.12 per share, with a total value of $28,441.92. Following the completion of the purchase, the director directly owned 20 shares of the company’s stock, valued at $62.40. This represents a -100.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 41,105 shares of company stock valued at $127,888 in the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Beacon Hill Wealth Management LTD. purchased a new position in shares of CI&T during the 2nd quarter worth about $617,000. Lazard Asset Management LLC grew its holdings in CI&T by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after purchasing an additional 6,171 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in CI&T in the 1st quarter worth about $181,000. R Squared Ltd raised its position 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 during the period. Finally, Wedbush Securities Inc. raised its position in CI&T by 118.1% in the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after purchasing an additional 22,525 shares during the period. Institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T (NYSE: CINT) is a global technology and digital transformation company that helps organizations modernize their businesses, customer experiences and technology infrastructure. Its services include digital strategy, user experience and product design, software engineering, cloud computing, data and analytics, artificial intelligence, and technology modernization.

The company works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.