CI&T (NYSE:CINT) Sees Large Volume Increase – What’s Next?

CI&T Inc. (NYSE:CINT) saw unusually-strong trading volume on Wednesday . 91,100 shares changed hands during trading, a decline of 35% from the previous session’s volume of 140,590 shares.The stock last traded at $4.0060 and had previously closed at $4.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CINT shares. UBS Group increased their price target on CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wedbush lowered 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. Canaccord Genuity Group increased their price objective on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Weiss Ratings cut shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.80.

CI&T Stock Down 5.7%

The firm has a 50-day moving average price of $4.04 and a two-hundred day moving average price of $4.55. The firm has a market cap of $498.62 million, a price-to-earnings ratio of 11.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37.

CI&T (NYSE:CINT) last issued its 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). The company had revenue of $136.61 million during the quarter, compared to analyst estimates of $133.28 million. CI&T had a net margin of 7.90% and a return on equity of 13.19%. On average, sell-side analysts forecast that CI&T Inc. will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

Several large investors have recently bought and sold shares of the stock. State Street Corp increased its position in shares of CI&T by 6.4% during the fourth quarter. State Street Corp now owns 62,242 shares of the company’s stock worth $253,000 after purchasing an additional 3,719 shares in the last quarter. Franklin Resources Inc. grew its stake in CI&T by 45.7% during the 4th quarter. Franklin Resources Inc. now owns 15,892 shares of the company’s stock worth $65,000 after buying an additional 4,983 shares during the last quarter. Wedbush Securities Inc. increased its position in CI&T by 50.6% during the fourth 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. Lazard Asset Management LLC increased its position in CI&T by 6.4% during the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock worth $521,000 after buying an additional 6,171 shares during the period. Finally, R Squared Ltd increased its position in CI&T by 24.1% during the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after buying an additional 6,707 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

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.