CI&T (NYSE:CINT) Stock Price Up 5.1%

CI&T Inc. (NYSE:CINTGet Free Report)’s share price was up 5.1% during mid-day trading on Monday . The company traded as high as $4.36 and last traded at $4.34. Approximately 20,582 shares changed hands during trading, a decline of 78% from the average daily volume of 94,967 shares. The stock had previously closed at $4.13.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CINT shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $5.50 target price (down from $6.00) on shares of CI&T in a research report on Friday, January 5th. Canaccord Genuity Group assumed coverage on CI&T in a research report on Wednesday, December 6th. They set a “hold” rating and a $5.50 price target on the stock. Finally, Canaccord Genuity Group upped their price target on CI&T from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, CI&T currently has an average rating of “Hold” and an average price target of $5.58.

Get Our Latest Analysis on CI&T

CI&T Stock Up 4.8 %

The stock has a market capitalization of $609.06 million, a price-to-earnings ratio of 20.68 and a beta of 1.04. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $4.38 and a two-hundred day moving average of $4.98.

CI&T (NYSE:CINTGet Free Report) last issued its earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. CI&T had a return on equity of 15.96% and a net margin of 7.11%. The firm had revenue of $105.50 million for the quarter, compared to the consensus estimate of $107.56 million. As a group, sell-side analysts anticipate that CI&T Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake in CI&T by 12.4% in the third quarter. Lazard Asset Management LLC now owns 19,134 shares of the company’s stock valued at $124,000 after purchasing an additional 2,104 shares in the last quarter. State Street Corp grew its stake in CI&T by 5.5% in the second quarter. State Street Corp now owns 50,741 shares of the company’s stock valued at $318,000 after purchasing an additional 2,636 shares in the last quarter. Russell Investments Group Ltd. grew its stake in CI&T by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock valued at $842,000 after purchasing an additional 7,047 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in CI&T by 0.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,352,961 shares of the company’s stock valued at $13,651,000 after purchasing an additional 8,014 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in CI&T in the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About CI&T

(Get Free Report)

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.

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