CI&T (NYSE:CINT) Shares Down 3.5% – Should You Sell?
by Amy Steele · The Cerbat GemCI&T Inc. (NYSE:CINT – Get Free Report)’s stock price fell 3.5% during mid-day trading on Wednesday . The company traded as low as $4.40 and last traded at $4.3510. 68,501 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 170,098 shares. The stock had previously closed at $4.51.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. lowered their target price on CI&T from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Canaccord Genuity Group dropped their target price on shares of CI&T from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Zacks Research cut shares of CI&T from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CI&T in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.16.
Get Our Latest Analysis on CI&T
CI&T Price Performance
The firm has a market cap of $585.99 million, a price-to-earnings ratio of 16.12 and a beta of 1.15. The company’s fifty day moving average is $4.57 and its 200 day moving average is $5.12. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.
CI&T (NYSE:CINT – Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). CI&T had a net margin of 7.83% and a return on equity of 12.42%. The business had revenue of $127.31 million during the quarter, compared to analyst estimates of $673.11 million. On average, equities research analysts predict that CI&T Inc. will post 0.2 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CINT. Franklin Resources Inc. bought a new position in CI&T in the third quarter valued at approximately $56,000. Wedbush Securities Inc. acquired a new stake in shares of CI&T in the 3rd quarter valued at approximately $58,000. Hsbc Holdings PLC bought a new position in shares of CI&T in the first quarter valued at $62,000. Russell Investments Group Ltd. increased its holdings in CI&T by 176.3% during the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after buying an additional 7,456 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in CI&T during the third quarter worth $72,000. 92.45% of the stock is owned by institutional investors and hedge funds.
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.