CI&T (NYSE:CINT) Stock Price Down 4.1% – Here’s What Happened

CI&T Inc. (NYSE:CINT)’s stock price fell 4.1% on Thursday . The company traded as low as $3.66 and last traded at $3.74. Approximately 14,560 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 148,434 shares. The stock had previously closed at $3.90.

Analyst Ratings Changes

CINT has been the topic of a number of recent research reports. UBS Group increased their price target on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Canaccord Genuity Group increased their target price on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Wedbush reduced their target price on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.80.

CI&T Stock Performance

The company has a market cap of $498.89 million, a P/E ratio of 12.09 and a beta of 0.81. The business has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $4.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.37 and a current ratio of 1.37.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $136.61 million for the quarter, compared to the consensus estimate of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. On average, sell-side analysts anticipate that CI&T Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CINT. Cubist Systematic Strategies LLC increased its stake in shares of CI&T by 93.8% in the first quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after buying an additional 17,601 shares during the period. Goldman Sachs Group Inc. grew its holdings in CI&T by 551.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock worth $442,000 after acquiring an additional 62,688 shares during the last quarter. Jane Street Group LLC bought a new stake in CI&T in the 1st quarter worth $163,000. Acadian Asset Management LLC increased its position in shares of CI&T by 47.7% in the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock valued at $531,000 after acquiring an additional 29,200 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after acquiring an additional 7,456 shares during the period. Institutional investors 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.