CI&T Inc. (NYSE:CINT) Short Interest Update

CI&T Inc. (NYSE:CINT) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 84,448 shares, a drop of 41.1% from the April 30th total of 143,487 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 118,970 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Canaccord Genuity Group upped their price target on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Wall Street Zen upgraded CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. UBS Group lifted their target price on CI&T from $7.10 to $7.20 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Finally, Wedbush dropped their price target on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.80.

Institutional Trading of CI&T

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new stake in CI&T in the first quarter valued at approximately $181,000. Lazard Asset Management LLC increased its position in shares of CI&T by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after buying an additional 6,171 shares in the last quarter. R Squared Ltd raised its stake in CI&T by 24.1% during the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after buying an additional 6,707 shares during the period. Janney Montgomery Scott LLC bought a new position in CI&T during the first quarter worth about $60,000. Finally, XTX Topco Ltd acquired a new position in CI&T in the fourth quarter valued at about $287,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Stock Up 4.5%

NYSE CINT traded up $0.18 during trading on Thursday, reaching $4.07. The company’s stock had a trading volume of 80,755 shares, compared to its average volume of 139,089. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.18. CI&T has a 1-year low of $3.16 and a 1-year high of $6.11. The business has a 50-day moving average price of $4.24 and a 200-day moving average price of $4.58. The stock has a market capitalization of $547.07 million, a PE ratio of 13.11 and a beta of 0.80.

CI&T (NYSE:CINT) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $136.61 million during the quarter, compared to the consensus estimate of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. On average, research analysts forecast that CI&T will post 0.36 earnings per share for the current fiscal year.

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.