CI&T (NYSE:CINT) Sees Large Volume Increase

Shares of CI&T Inc. (NYSE:CINT) saw unusually-strong trading volume on Tuesday . Approximately 65,431 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 104,620 shares.The stock last traded at $3.87 and had previously closed at $4.01.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CINT shares. Citigroup cut their price target on CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a report on Monday. Canaccord Genuity Group lifted their target price on CI&T from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Finally, 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.38.

CI&T Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 2.00 and a quick ratio of 2.00. The business has a 50-day moving average of $4.35 and a 200-day moving average of $4.77. The firm has a market cap of $525.54 million, a price-to-earnings ratio of 17.77 and a beta of 1.04.

CI&T (NYSE:CINT) last released its earnings results on Thursday, March 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $105.50 million for the quarter, compared to the consensus estimate of $107.56 million. CI&T had a return on equity of 15.96% and a net margin of 7.11%. Research analysts anticipate that CI&T Inc. will post 0.25 EPS for the current year.

Hedge Funds Weigh In On CI&T

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in CI&T by 4.6% during the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after buying an additional 7,047 shares during the last quarter. Herald Investment Management Ltd acquired a new position in CI&T during the third quarter worth approximately $2,304,000. Finally, BW Gestao de Investimentos Ltda. acquired a new position in CI&T during the third quarter worth approximately $2,568,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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.