CI&T (NYSE:CINT) Stock Price Up 5.1%

CI&T Inc. (NYSE:CINT) shot up 5.1% on Monday . The company traded as high as $5.23 and last traded at $5.20. 34,758 shares were traded during mid-day trading, a decline of 69% from the average session volume of 111,950 shares. The stock had previously closed at $4.95.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CINT. Canaccord Genuity Group upgraded shares of CI&T from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $5.00 to $6.00 in a report on Thursday, May 23rd. Citigroup decreased their price objective on shares of CI&T from $4.50 to $4.25 and set a “neutral” rating for the company in a report on Monday, April 22nd. UBS Group initiated coverage on shares of CI&T in a research report on Tuesday, May 14th. They issued a “neutral” rating and a $4.20 target price for the company. Canaccord Genuity Group raised shares of CI&T from a “hold” rating to a “buy” rating and lifted their target price for the stock from $5.00 to $6.00 in a research report on Thursday, May 23rd. Finally, Wedbush initiated coverage on shares of CI&T in a research report on Friday, May 24th. They issued an “outperform” rating and a $5.00 target price for the company. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.37.

CI&T Stock Performance

The business’s 50-day moving average price is $4.17 and its 200-day moving average price is $4.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $689.53 million, a P/E ratio of 27.50 and a beta of 1.09.

CI&T (NYSE:CINT) last issued its earnings results on Wednesday, May 22nd. The company reported $0.06 earnings per share for the quarter. The company had revenue of $105.74 million during the quarter, compared to the consensus estimate of $103.88 million. CI&T had a net margin of 6.03% and a return on equity of 14.03%. As a group, sell-side analysts expect that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Banco BTG Pactual S.A. lifted its stake 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 worth $221,000 after purchasing an additional 10,000 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in CI&T by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after purchasing an additional 7,047 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its stake in CI&T by 168.7% in the 1st quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company’s stock worth $4,383,000 after purchasing an additional 666,212 shares in the last quarter. Finally, WCM Investment Management LLC lifted its stake in CI&T by 4.4% in the 1st quarter. WCM Investment Management LLC now owns 1,385,113 shares of the company’s stock worth $5,721,000 after purchasing an additional 58,489 shares in the last quarter. 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.