CI&T (NYSE:CINT) Trading Down 10.6% – Should You Sell?

CI&T Inc. (NYSE:CINT)’s stock price dropped 10.6% on Friday . The stock traded as low as $6.18 and last traded at $6.22. Approximately 73,025 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 93,761 shares. The stock had previously closed at $6.96.

Analyst Ratings Changes

CINT has been the subject of several research reports. Itau BBA Securities raised CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research note on Friday, August 16th. The Goldman Sachs Group assumed coverage on CI&T in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 target price for the company. Citigroup increased their price objective on CI&T from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Canaccord Genuity Group lifted their target price on shares of CI&T from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.00.

CI&T Price Performance

The company has a market cap of $852.17 million, a price-to-earnings ratio of 47.85 and a beta of 1.16. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average price of $6.91 and a two-hundred day moving average price of $5.86.

CI&T (NYSE:CINT) last posted its earnings results on Friday, August 16th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). CI&T had a return on equity of 10.93% and a net margin of 4.97%. The company had revenue of $100.45 million for the quarter, compared to the consensus estimate of $104.75 million. As a group, equities research analysts anticipate that CI&T Inc. will post 0.22 EPS for the current fiscal year.

Institutional Trading of CI&T

Large investors have recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. boosted its stake in CI&T by 101.1% in the second quarter. BW Gestao de Investimentos Ltda. now owns 2,134,514 shares of the company’s stock worth $11,099,000 after purchasing an additional 1,073,302 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of CI&T during the second quarter worth approximately $76,000. Itau Unibanco Holding S.A. bought a new position in shares of CI&T in the 2nd quarter valued at about $2,264,000. Marshall Wace LLP boosted its stake in CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock valued at $479,000 after acquiring an additional 65,457 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of CI&T by 12.5% in the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after purchasing an additional 2,995 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

About CI&T

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.