CI&T (NYSE:CINT) Shares Down 4.2%

Shares of CI&T Inc. (NYSE:CINT) dropped 4.2% on Monday . The company traded as low as $6.58 and last traded at $6.62. Approximately 16,377 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 102,690 shares. The stock had previously closed at $6.91.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CINT shares. The Goldman Sachs Group started coverage on CI&T in a report on Wednesday, September 4th. They set a “neutral” rating and a $7.30 price target for the company. Citigroup upped their target price on CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wedbush assumed coverage on CI&T in a report on Friday, May 24th. They set an “outperform” rating and a $5.00 price target on the stock. Canaccord Genuity Group raised their price objective on shares of CI&T from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.00.

CI&T Price Performance

The firm’s 50 day moving average price is $6.43 and its two-hundred day moving average price is $5.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $891.15 million, a PE ratio of 37.78 and a beta of 1.15.

CI&T (NYSE:CINT) last released its quarterly earnings data on Friday, August 16th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $100.45 million during the quarter, compared to analysts’ expectations of $104.75 million. CI&T had a net margin of 4.97% and a return on equity of 10.93%. On average, research analysts expect that CI&T Inc. will post 0.2 earnings per share for the current year.

Institutional Trading of CI&T

Institutional investors have recently added to or reduced their stakes in the stock. BW Gestao de Investimentos Ltda. grew its holdings 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 valued at $11,099,000 after buying an additional 1,073,302 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of CI&T in the second quarter valued at approximately $2,264,000. Marshall Wace LLP grew its stake in CI&T by 245.6% during the second 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 in the last quarter. WCM Investment Management LLC increased its holdings in CI&T by 4.4% during the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after acquiring an additional 58,489 shares during the period. Finally, XTX Topco Ltd purchased a new stake in CI&T in the 2nd quarter worth approximately $76,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

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.