CI&T (NYSE:CINT) Shares Down 3.2% – What’s Next?

Shares of CI&T Inc. (NYSE:CINT) dropped 3.2% during mid-day trading on Wednesday . The company traded as low as $4.09 and last traded at $4.1060. Approximately 43,042 shares traded hands during trading, a decline of 74% from the average daily volume of 168,680 shares. The stock had previously closed at $4.24.

Analyst Upgrades and Downgrades

CINT has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Canaccord Genuity Group cut their price target on shares of CI&T from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Zacks Research downgraded shares of CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, December 26th. Finally, Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CI&T presently has an average rating of “Moderate Buy” and an average price target of $7.16.

CI&T Stock Down 4.0%

The firm has a market capitalization of $548.15 million, a PE ratio of 15.07 and a beta of 1.15. The firm’s 50-day moving average is $4.54 and its 200 day moving average is $5.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 1.40.

CI&T (NYSE:CINT) last announced its earnings results on Thursday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). CI&T had a return on equity of 12.42% and a net margin of 7.83%.The business had revenue of $127.31 million for the quarter, compared to analyst estimates of $673.11 million. As a group, research analysts forecast that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CI&T

A number of large investors have recently bought and sold shares of the stock. Franklin Resources Inc. purchased a new position in CI&T during the third quarter worth $56,000. Wedbush Securities Inc. acquired a new stake in shares of CI&T during the third quarter valued at $58,000. Hsbc Holdings PLC acquired a new stake in shares of CI&T during the first quarter valued at $62,000. Russell Investments Group Ltd. increased its position in CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after purchasing an additional 7,456 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in CI&T in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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.