CI&T (NYSE:CINT) Trading Down 3.3% - Here's Why

Shares of CI&T Inc. (NYSE:CINT - Get Free Report) traded down 3.3% during trading on Friday . The stock traded as low as $7.07 and last traded at $7.07. 9,476 shares were traded during mid-day trading, a decline of 90% from the average session volume of 98,438 shares. The stock had previously closed at $7.31.

Analyst Ratings Changes

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

CI&T Trading Down 4.0 %

The company's fifty day moving average is $6.81 and its two-hundred day moving average is $5.42. 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 stock has a market cap of $943.56 million, a price-to-earnings ratio of 50.14 and a beta of 1.15.

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

Institutional Investors Weigh In On CI&T

Several institutional investors have recently added to or reduced their stakes in CINT. XTX Topco Ltd acquired a new stake in CI&T during the second quarter worth approximately $76,000. Banco BTG Pactual S.A. raised its stake in CI&T by 23.0% during the 1st quarter. Banco BTG Pactual S.A. now owns 53,467 shares of the company's stock worth $221,000 after acquiring an additional 10,000 shares in the last quarter. Marshall Wace LLP lifted its position in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company's stock valued at $479,000 after acquiring an additional 65,457 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in CI&T in the second quarter valued at $2,264,000. Finally, BW Gestao de Investimentos Ltda. grew its holdings 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 worth $4,383,000 after purchasing an additional 666,212 shares during the last quarter. Hedge funds and other institutional investors own 92.45% of the company's stock.

CI&T Company Profile

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.