CI&T (NYSE:CINT) Hits New 1-Year Low – What’s Next?

CI&T Inc. (NYSE:CINT)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $3.82 and last traded at $3.8670, with a volume of 151016 shares. The stock had previously closed at $4.00.

Analyst Upgrades and Downgrades

CINT has been the topic of a number of research reports. UBS Group upped their price target on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Weiss Ratings upgraded shares of CI&T from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Canaccord Genuity Group raised their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.28.

CI&T Stock Performance

The stock has a market cap of $523.52 million, a P/E ratio of 12.96 and a beta of 0.85. The stock’s 50 day simple moving average is $4.81 and its two-hundred day simple moving average is $4.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.33.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Sunday, March 22nd. The company reported $0.05 earnings per share (EPS) for the quarter. CI&T had a return on equity of 13.46% and a net margin of 8.30%.The business had revenue of $69.07 million during the quarter. As a group, research analysts forecast that CI&T Inc. will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CINT. Royce & Associates LP bought a new position in shares of CI&T during the 3rd quarter worth approximately $2,696,000. XTX Topco Ltd acquired a new position in CI&T in the fourth quarter valued at about $287,000. State Street Corp boosted its position in shares of CI&T by 6.4% during the 4th quarter. State Street Corp now owns 62,242 shares of the company’s stock worth $253,000 after acquiring an additional 3,719 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of CI&T by 52,926.9% in the 2nd quarter. Lazard Asset Management LLC now owns 41,361 shares of the company’s stock valued at $246,000 after purchasing an additional 41,283 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of CI&T in the 2nd quarter valued at approximately $185,000. Institutional investors own 92.45% of the company’s stock.

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.