CI&T (NYSE:CINT) Shares Up 4.6% - What's Next?

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) rose 4.6% on Friday . The company traded as high as $5.62 and last traded at $5.56. Approximately 17,583 shares were traded during trading, a decline of 81% from the average daily volume of 92,321 shares. The stock had previously closed at $5.31.

Analyst Upgrades and Downgrades

CINT has been the topic of a number of analyst reports. Citigroup initiated coverage on shares of CI&T in a research report on Friday. They set a "buy" rating and a $7.00 price objective on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $10.00 price target on shares of CI&T in a report on Monday, March 17th. Finally, Wedbush set a $9.00 price target on shares of CI&T in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CI&T has an average rating of "Moderate Buy" and an average price target of $8.26.

CI&T Stock Down 1.6 %

The company has a market cap of $735.36 million, a P/E ratio of 42.00 and a beta of 1.24. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $6.00 and its 200 day moving average is $6.44.

CI&T (NYSE:CINT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.36). The company had revenue of $112.34 million for the quarter, compared to analysts' expectations of $646.68 million. CI&T had a net margin of 4.39% and a return on equity of 9.55%. As a group, equities analysts anticipate that CI&T Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC boosted its holdings in CI&T by 82.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company's stock valued at $114,000 after purchasing an additional 8,459 shares during the last quarter. Stifel Financial Corp purchased a new stake in CI&T in the fourth quarter valued at $68,000. State Street Corp boosted its holdings in CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company's stock valued at $458,000 after purchasing an additional 15,083 shares during the last quarter. Virtu Financial LLC purchased a new stake in CI&T in the third quarter valued at $108,000. Finally, Two Sigma Investments LP purchased a new stake in CI&T in the fourth quarter valued at $111,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

CI&T Company Profile

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.