CI&T (NYSE:CINT) Sees Unusually-High Trading Volume – Should You Buy?

CI&T Inc. (NYSE:CINT) shares saw an uptick in trading volume on Wednesday . 128,686 shares traded hands during mid-day trading, an increase of 106% from the previous session’s volume of 62,535 shares.The stock last traded at $6.48 and had previously closed at $6.56.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. TD Cowen began coverage on shares of CI&T in a research report on Friday, December 6th. They set a “buy” rating and a $9.00 price target on the stock. Finally, UBS Group lifted their price objective on shares of CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CI&T has a consensus rating of “Moderate Buy” and an average target price of $7.92.

CI&T Trading Up 1.7 %

The company has a fifty day moving average of $6.39 and a 200-day moving average of $6.55. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $905.92 million, a price-to-earnings ratio of 51.85 and a beta of 1.16.

Institutional Investors Weigh In On CI&T

A number of large investors have recently modified their holdings of CINT. GSA Capital Partners LLP grew its holdings in CI&T by 12.5% in the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after buying an additional 2,995 shares in the last quarter. XTX Topco Ltd acquired a new stake in CI&T during the second quarter worth about $76,000. State Street Corp increased its position in CI&T by 28.8% during the third quarter. State Street Corp now owns 67,380 shares of the company’s stock worth $458,000 after purchasing an additional 15,083 shares during the last quarter. Virtu Financial LLC purchased a new position in CI&T during the third quarter worth about $108,000. Finally, Verde Servicos Internacionais S.A. acquired a new position in CI&T in the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

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.