CI&T (NYSE:CINT) Sees Unusually-High Trading Volume – Should You Buy?

CI&T Inc. (NYSE:CINT) saw strong trading volume on Wednesday . 128,686 shares traded hands during mid-day trading, an increase of 106% from the previous session’s volume of 62,535 shares.The stock last traded at $6.48 and had previously closed at $6.56.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Canaccord Genuity Group boosted their price objective on CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. TD Cowen initiated coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price objective for the company. Finally, UBS Group boosted their target price on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.92.

CI&T Stock Performance

The stock has a market capitalization of $875.01 million, a P/E ratio of 50.08 and a beta of 1.16. The firm has a 50-day moving average of $6.40 and a 200 day moving average of $6.55. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in CI&T in the 2nd quarter valued at $76,000. Virtu Financial LLC acquired a new stake in shares of CI&T in the third quarter valued at $108,000. GSA Capital Partners LLP lifted its position in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after buying an additional 2,995 shares in the last quarter. State Street Corp grew its holdings in CI&T by 28.8% during the 3rd quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after acquiring an additional 15,083 shares during the last quarter. Finally, Marshall Wace LLP increased its position in CI&T by 245.6% in the 2nd 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. 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.