CI&T (NYSE:CINT) Rating Lowered to Strong Sell at Zacks Research

CI&T (NYSE:CINT) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

A number of other equities analysts have also weighed in on the company. Wedbush lowered CI&T from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. UBS Group lowered their price target on shares of CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Weiss Ratings restated a “sell (d+)” rating on shares of CI&T in a research report on Friday, September 25th. Finally, TD Cowen reduced their target price on shares of CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.08.

CI&T Stock Performance

NYSE:CINT opened at $3.21 on Thursday. The company’s 50-day moving average price is $3.24 and its 200-day moving average price is $3.59. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a market cap of $432.00 million, a P/E ratio of 11.07 and a beta of 0.83. CI&T has a twelve month low of $2.80 and a twelve month high of $5.80.

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

Insider Activity

In related news, Director Fernando Matt Borges Martins acquired 9,116 shares of CI&T stock in a transaction that occurred on Wednesday, October 7th. The shares were purchased at an average cost of $3.12 per share, for a total transaction of $28,441.92. Following the acquisition, the director owned 20 shares in the company, valued at approximately $62.40. This represents a -100.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders bought 41,105 shares of company stock worth $127,888.

Institutional Investors Weigh In On CI&T

Institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new stake in CI&T in the 2nd quarter valued at approximately $43,000. Janney Montgomery Scott LLC acquired a new position in CI&T during the first quarter worth $60,000. AXQ Capital LP purchased a new position in shares of CI&T during the second quarter worth $74,000. Wedbush Securities Inc. boosted its position in shares of CI&T by 118.1% during the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after buying an additional 22,525 shares during the period. Finally, R Squared Ltd boosted its position in shares of 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. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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.