CI&T (NYSE:CINT) Trading Down 10.6% – What’s Next?

CI&T Inc. (NYSE:CINT)’s stock price traded down 10.6% on Friday . The company traded as low as $6.18 and last traded at $6.22. 73,025 shares were traded during mid-day trading, a decline of 22% from the average session volume of 93,761 shares. The stock had previously closed at $6.96.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CINT shares. Citigroup lifted their price objective on shares of CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Canaccord Genuity Group raised their price objective on CI&T from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Itau BBA Securities raised 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. Finally, The Goldman Sachs Group began coverage on CI&T in a report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price target for the company. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

CI&T Stock Down 11.4 %

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 company has a market capitalization of $829.32 million, a price-to-earnings ratio of 47.46 and a beta of 1.16. The firm has a 50-day moving average price of $6.90 and a two-hundred day moving average price of $5.89.

CI&T (NYSE:CINT) last released its quarterly earnings results 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). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The firm had revenue of $100.45 million for the quarter, compared to analyst estimates of $104.75 million. As a group, sell-side analysts anticipate that CI&T Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of CI&T during the 2nd quarter worth about $76,000. GSA Capital Partners LLP grew its stake in CI&T by 12.5% in the third quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after purchasing an additional 2,995 shares in the last quarter. State Street Corp grew its stake in CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after purchasing an additional 15,083 shares in the last quarter. Marshall Wace LLP increased its position in shares of CI&T by 245.6% during the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after purchasing an additional 65,457 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of CI&T during the 2nd quarter worth approximately $2,264,000. Institutional investors and hedge funds 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.