CI&T (NYSE:CINT) Sees Strong Trading Volume – Here’s Why

Shares of CI&T Inc. (NYSE:CINT) saw an uptick in trading volume on Monday . 283,212 shares were traded during trading, an increase of 122% from the previous session’s volume of 127,310 shares.The stock last traded at $3.8890 and had previously closed at $3.64.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CINT. Wedbush decreased their target price on CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings lowered CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. UBS Group increased their price target on CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. decreased their price target on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Finally, Wall Street Zen upgraded CI&T from a “hold” rating to a “buy” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CI&T currently has an average rating of “Moderate Buy” and a consensus price target of $6.80.

CI&T Price Performance

The stock has a market capitalization of $523.52 million, a price-to-earnings ratio of 12.55 and a beta of 0.80. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $4.31 and a 200 day simple moving average of $4.59.

CI&T (NYSE:CINT) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). CI&T had a return on equity of 13.19% and a net margin of 7.90%. On average, equities research analysts forecast that CI&T Inc. will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On CI&T

A number of institutional investors have recently bought and sold shares of CINT. Royce & Associates LP acquired a new stake in CI&T during the 3rd quarter worth about $2,696,000. GMT Capital Corp acquired a new stake in CI&T during the 4th quarter worth about $1,786,000. BW Gestao de Investimentos Ltda. boosted its position in CI&T by 9.2% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 2,882,650 shares of the company’s stock worth $17,209,000 after acquiring an additional 242,811 shares during the period. Marshall Wace LLP boosted its position in CI&T by 90.4% during the 2nd quarter. Marshall Wace LLP now owns 380,818 shares of the company’s stock worth $2,273,000 after acquiring an additional 180,800 shares during the period. Finally, XTX Topco Ltd acquired a new stake in CI&T during the 4th quarter worth about $287,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

About CI&T

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.