CI&T (NYSE:CINT) Trading Down 4.9%

CI&T Inc. (NYSE:CINT)’s share price traded down 4.9% on Thursday . The company traded as low as $4.01 and last traded at $4.06. 75,101 shares were traded during mid-day trading, a decline of 22% from the average session volume of 95,838 shares. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $5.50 target price (down previously from $6.00) on shares of CI&T in a research report on Friday, January 5th. Canaccord Genuity Group began coverage on shares of CI&T in a research note on Wednesday, December 6th. They issued a “hold” rating and a $5.50 price target for the company. Finally, Canaccord Genuity Group increased their price target on shares of CI&T from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, CI&T currently has an average rating of “Hold” and a consensus price target of $5.58.

CI&T Stock Down 3.3 %

The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.45. The firm’s 50 day simple moving average is $4.42 and its two-hundred day simple moving average is $5.04. The firm has a market cap of $552.85 million, a price-to-earnings ratio of 18.77 and a beta of 1.09.

Institutional Investors Weigh In On CI&T

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in shares of CI&T during the 4th quarter valued at approximately $70,000. Stifel Financial Corp bought a new stake in shares of CI&T during the 4th quarter valued at approximately $53,000. Russell Investments Group Ltd. grew its holdings in shares of CI&T by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after purchasing an additional 7,047 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of CI&T by 12.4% during the 3rd quarter. Lazard Asset Management LLC now owns 19,134 shares of the company’s stock valued at $124,000 after purchasing an additional 2,104 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in CI&T during the 3rd quarter worth approximately $159,000. 92.45% of the stock is owned by institutional investors.

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.