CI&T (NYSE:CINT) Trading Up 4.3% – What’s Next?

CI&T Inc. (NYSE:CINT) shot up 4.3% during trading on Tuesday . The stock traded as high as $7.24 and last traded at $7.24. 19,602 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 93,879 shares. The stock had previously closed at $6.94.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on CI&T from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Citigroup upped their target price on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Itau BBA Securities upgraded CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Friday, August 16th. The Goldman Sachs Group started coverage on shares of CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target for the company. Finally, Canaccord Genuity Group increased their price target on CI&T from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

CI&T Stock Up 2.9 %

The firm has a market capitalization of $959.69 million, a PE ratio of 49.57 and a beta of 1.16. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $6.90 and its 200 day simple moving average is $5.83.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $100.45 million for the quarter, compared to analyst estimates of $104.75 million. CI&T had a net margin of 4.97% and a return on equity of 10.93%. On average, equities research analysts forecast that CI&T Inc. will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. BW Gestao de Investimentos Ltda. raised its position in CI&T by 101.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after buying an additional 1,073,302 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in CI&T in the 2nd quarter valued at about $2,264,000. Marshall Wace LLP grew its stake in CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after acquiring an additional 65,457 shares during the last quarter. XTX Topco Ltd purchased a new position in CI&T in the 2nd quarter valued at about $76,000. Finally, Banco BTG Pactual S.A. lifted its holdings in CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company’s stock valued at $221,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.