CI&T (NYSE:CINT) Shares Gap Down to $6.83

CI&T Inc. (NYSE:CINT - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $6.83, but opened at $6.64. CI&T shares last traded at $6.64, with a volume of 24 shares trading hands.

Wall Street Analyst Weigh In

CINT has been the subject of several recent analyst reports. Canaccord Genuity Group boosted their price target on CI&T from $6.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on CI&T from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Itau BBA Securities raised shares of CI&T from a "market perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a report on Friday, August 16th. The Goldman Sachs Group started coverage on shares of CI&T in a report on Wednesday, September 4th. They set a "neutral" rating and a $7.30 price objective for the company. Finally, Citigroup raised their target price on shares of CI&T from $6.00 to $8.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.00.

CI&T Trading Up 0.9 %

The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $926.10 million, a PE ratio of 38.56 and a beta of 1.15. The stock's fifty day simple moving average is $6.66 and its 200 day simple moving average is $5.28.

CI&T (NYSE:CINT - Get Free Report) last announced its earnings results on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $100.45 million during the quarter, compared to the consensus estimate of $104.75 million. CI&T had a return on equity of 10.93% and a net margin of 4.97%. On average, sell-side analysts predict that CI&T Inc. will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of CI&T in the second quarter worth about $76,000. Banco BTG Pactual S.A. boosted its stake in CI&T by 23.0% in the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company's stock worth $221,000 after purchasing an additional 10,000 shares during the period. Marshall Wace LLP boosted its stake in CI&T by 245.6% in the 2nd quarter. Marshall Wace LLP now owns 92,114 shares of the company's stock worth $479,000 after purchasing an additional 65,457 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in CI&T during the 2nd quarter valued at approximately $2,264,000. Finally, BW Gestao de Investimentos Ltda. raised its position in shares of CI&T by 168.7% during the first quarter. BW Gestao de Investimentos Ltda. now owns 1,061,212 shares of the company's stock valued at $4,383,000 after buying an additional 666,212 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors.

About CI&T

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.