CI&T Inc. (NYSE:CINT - Get Free Report) saw an uptick in trading volume on Friday . 86,221 shares were traded during mid-day trading, an increase of 1% from the previous session's volume of 85,435 shares.The stock last traded at $7.80 and had previously closed at $7.27.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. TD Cowen began coverage on CI&T in a research report on Friday, December 6th. They set a "buy" rating and a $9.00 price objective for the company. Wedbush raised shares of CI&T to a "strong-buy" rating in a research report on Monday, February 3rd. Canaccord Genuity Group raised their price target on shares of CI&T from $9.00 to $10.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, UBS Group lifted their price target on shares of CI&T from $7.50 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Four 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.92.
Get Our Latest Stock Analysis on CI&T
CI&T Price Performance
The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $1.00 billion, a P/E ratio of 57.35 and a beta of 1.19. The stock has a 50-day simple moving average of $6.47 and a 200 day simple moving average of $6.68.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in CI&T during the fourth quarter worth $3,036,000. WCM Investment Management LLC lifted its holdings in CI&T by 3.2% during the fourth quarter. WCM Investment Management LLC now owns 1,448,203 shares of the company's stock valued at $8,747,000 after purchasing an additional 45,574 shares during the last quarter. Verde Servicos Internacionais S.A. bought a new stake in CI&T during the 4th quarter valued at $152,000. Virtu Financial LLC bought a new position in shares of CI&T in the third quarter worth $108,000. Finally, State Street Corp raised its position in shares of CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company's stock worth $458,000 after buying an additional 15,083 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.
CI&T Company Profile
(
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CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm's solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.
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