CI&T (NYSE:CINT) Stock Price Down 4.1% – Should You Sell?

Shares of CI&T Inc. (NYSE:CINT) dropped 4.1% during mid-day trading on Thursday . The stock traded as low as $3.66 and last traded at $3.74. 14,560 shares traded hands during trading, a decline of 90% from the average session volume of 148,434 shares. The stock had previously closed at $3.90.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Canaccord Genuity Group lifted their price target on CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Wedbush lowered their price target on CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings lowered CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. UBS Group upped their price objective on shares of CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.80.

CI&T Stock Up 3.3%

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $3.78 and a two-hundred day simple moving average of $4.46. The company has a market cap of $487.99 million, a PE ratio of 11.70 and a beta of 0.81.

CI&T (NYSE:CINT) last released its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $136.61 million for the quarter, compared to analysts’ expectations of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. As a group, equities research analysts predict that CI&T Inc. will post 0.34 earnings per share for the current year.

Institutional Trading of CI&T

Hedge funds have recently bought and sold shares of the business. Royce & Associates LP acquired a new position in shares of CI&T during the 3rd quarter worth approximately $2,696,000. GMT Capital Corp acquired a new stake in shares of CI&T in the fourth quarter valued at approximately $1,786,000. Merit Financial Group LLC acquired a new stake in shares of CI&T in the fourth quarter valued at approximately $204,000. R Squared Ltd purchased a new position in CI&T during the fourth quarter worth approximately $113,000. Finally, Ameriprise Financial Inc. purchased a new position in CI&T during the third quarter worth approximately $113,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

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.