CI&T (NYSE:CINT) Stock Gets Downgrade from Zacks Research

CI&T (NYSE:CINT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Several other equities analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. UBS Group dropped their price objective on shares of CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Wedbush lowered shares of CI&T from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. TD Cowen cut their price objective on shares of CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.08.

CI&T Stock Performance

CINT opened at $3.21 on Thursday. CI&T has a 52-week low of $2.80 and a 52-week high of $5.80. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The company has a market cap of $432.00 million, a P/E ratio of 11.07 and a beta of 0.83. The firm’s 50-day moving average price is $3.24 and its 200-day moving average price is $3.59.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 11.69% and a net margin of 6.79%. The company had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. As a group, equities analysts anticipate that CI&T will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Fernando Matt Borges Martins purchased 9,116 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was bought at an average price of $3.12 per share, with a total value of $28,441.92. Following the acquisition, the director owned 20 shares in the company, valued at $62.40. The trade was a -100.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders bought 41,105 shares of company stock valued at $127,888.

Institutional Trading of CI&T

Several institutional investors have recently modified their holdings of CINT. Squarepoint Ops LLC purchased a new stake in CI&T during the 2nd quarter worth approximately $43,000. Beacon Hill Wealth Management LTD. purchased a new position in shares of CI&T in the second quarter valued at approximately $617,000. AXQ Capital LP purchased a new position in shares of CI&T in the second quarter valued at approximately $74,000. Wedbush Securities Inc. lifted its position in shares of CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after acquiring an additional 22,525 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of CI&T in the first quarter worth approximately $181,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

CI&T (NYSE: CINT) is a global technology and digital transformation company that helps organizations modernize their businesses, customer experiences and technology infrastructure. Its services include digital strategy, user experience and product design, software engineering, cloud computing, data and analytics, artificial intelligence, and technology modernization.

The company works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.