CI&T (NYSE:CINT) Shares Gap Up – What’s Next?

Shares of CI&T Inc. (NYSE:CINT) gapped up prior to trading on Monday . The stock had previously closed at $3.67, but opened at $3.88. CI&T shares last traded at $3.79, with a volume of 2,640 shares.

Analysts Set New Price Targets

CINT has been the topic of a number of research analyst reports. Zacks Research cut CI&T from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. TD Cowen lowered their price objective on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. JPMorgan Chase & Co. dropped their target price on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Wedbush lowered shares of CI&T from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.08.

CI&T Price Performance

The firm has a market capitalization of $510.06 million, a P/E ratio of 13.07 and a beta of 0.81. The business has a 50-day moving average of $3.48 and a 200 day moving average of $4.16. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. On average, sell-side analysts predict that CI&T Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

A number of large investors have recently modified their holdings of CINT. Cubist Systematic Strategies LLC lifted its holdings in shares of CI&T by 93.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 36,356 shares of the company’s stock worth $217,000 after purchasing an additional 17,601 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in CI&T by 551.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,061 shares of the company’s stock valued at $442,000 after purchasing an additional 62,688 shares in the last quarter. Jane Street Group LLC acquired a new position in CI&T during the first quarter worth $163,000. Acadian Asset Management LLC raised its holdings in CI&T by 47.7% during the first quarter. Acadian Asset Management LLC now owns 90,353 shares of the company’s stock worth $531,000 after buying an additional 29,200 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock valued at $67,000 after buying an additional 7,456 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors.

CI&T Company Profile

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.