CI&T (NYSE:CINT) Shares Gap Down on Disappointing Earnings

CI&T Inc. (NYSE:CINT - Get Free Report)'s stock price gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $6.59, but opened at $6.36. CI&T shares last traded at $6.12, with a volume of 6,867 shares trading hands.

The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.36). CI&T had a return on equity of 9.55% and a net margin of 4.39%.

Wall Street Analysts Forecast Growth

CINT has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price objective on shares of CI&T from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Wedbush set a $9.00 target price on shares of CI&T in a report on Monday, February 3rd. TD Cowen initiated coverage on shares of CI&T in a report on Friday, December 6th. They set a "buy" rating and a $9.00 target price for the company. Finally, UBS Group lifted their target price on shares of CI&T from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CI&T presently has an average rating of "Moderate Buy" and an average price target of $8.37.

Institutional Trading of CI&T

A number of institutional investors have recently bought and sold shares of the business. Two Sigma Investments LP acquired a new position in shares of CI&T in the 4th quarter valued at approximately $111,000. Cubist Systematic Strategies LLC raised its position in shares of CI&T by 82.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock valued at $114,000 after buying an additional 8,459 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its position in shares of CI&T by 20.8% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 2,699,741 shares of the company's stock valued at $16,387,000 after buying an additional 464,529 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of CI&T in the 4th quarter valued at approximately $68,000. Finally, Marshall Wace LLP raised its position in shares of CI&T by 134.4% in the 4th quarter. Marshall Wace LLP now owns 88,142 shares of the company's stock valued at $535,000 after buying an additional 50,543 shares in the last quarter. Institutional investors own 92.45% of the company's stock.

CI&T Stock Performance

The stock's 50-day moving average is $6.81 and its 200-day moving average is $6.77. The firm has a market capitalization of $829.32 million, a price-to-earnings ratio of 47.47 and a beta of 1.18. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39.

About CI&T

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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