CI&T (NYSE:CINT) Stock Price Target Raised at UBS Group

CI&T (NYSE:CINT) had its price objective boosted by stock analysts at UBS Group from $6.20 to $6.30 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price objective suggests a potential upside of 95.96% from the stock’s current price.

Other analysts also recently issued research reports about the company. Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. Zacks Research cut CI&T from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. lowered their price target on CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Weiss Ratings restated a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. Finally, TD Cowen cut their price objective on shares of CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.09.

CI&T Trading Down 3.5%

Shares of NYSE CINT traded down $0.12 during midday trading on Thursday, hitting $3.21. The stock had a trading volume of 9,401 shares, compared to its average volume of 122,295. The company’s 50-day simple moving average is $3.13 and its 200 day simple moving average is $3.91. The firm has a market cap of $432.67 million, a P/E ratio of 11.09 and a beta of 0.82. CI&T has a fifty-two week low of $2.80 and a fifty-two week high of $5.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31.

CI&T (NYSE:CINT) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The firm had revenue of $146.30 million for the quarter, compared to analyst estimates of $146.15 million. Research analysts anticipate that CI&T will post 0.31 EPS for the current year.

Insider Activity at CI&T

In other news, Director Fernando Matt Borges Martins bought 9,116 shares of the stock in a transaction dated Wednesday, October 7th. The shares were bought at an average price of $3.12 per share, for a total transaction of $28,441.92. Following the completion of the purchase, the director owned 20 shares in the company, valued at approximately $62.40. This trade represents a -100.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 41,105 shares of company stock valued at $127,888 over the last 90 days.

Institutional Trading of CI&T

Several hedge funds have recently added to or reduced their stakes in CINT. Aberdeen Group plc acquired a new stake in shares of CI&T in the third quarter valued at approximately $2,529,000. Squarepoint Ops LLC acquired a new stake in shares of CI&T in the 2nd quarter valued at $43,000. Beacon Hill Wealth Management LTD. acquired a new stake in shares of CI&T in the 2nd quarter valued at $617,000. AXQ Capital LP acquired a new stake in shares of CI&T in the 2nd quarter valued at $74,000. Finally, Wedbush Securities Inc. increased its stake in shares of CI&T by 118.1% in the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after purchasing an additional 22,525 shares during the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

About CI&T

CI&T is a global technology and digital transformation company that helps organizations develop and improve digital products, services and operations. Its offerings include technology consulting, product design, software development, data and artificial intelligence solutions, cloud services and modernization of existing systems. Founded in Brazil in 1995, the company serves clients across multiple industries and geographies, including North America, Latin America and Europe. CI&T works with organizations on initiatives ranging from digital strategy and customer experiences to the design and implementation of technology platforms.