CI&T (NYSE:CINT) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research cut shares of CI&T (NYSE:CINT) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks reports.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of CI&T in a research note on Friday, September 25th. UBS Group lowered their target price on CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a report on Wednesday, August 12th. Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $4.00 in a research report on Tuesday, July 21st. TD Cowen dropped their target price on CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. cut their price target on CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.08.

CI&T Trading Up 3.9%

NYSE CINT opened at $3.21 on Thursday. CI&T has a one year low of $2.80 and a one year high of $5.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $432.00 million, a price-to-earnings ratio of 11.07 and a beta of 0.83. The company’s 50-day simple moving average is $3.24 and its two-hundred day simple moving average is $3.59.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 11.69% and a net margin of 6.79%. The business had revenue of $142.82 million during the quarter, compared to analysts’ expectations of $140.05 million. Equities analysts forecast that CI&T will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at CI&T

In other news, Director Fernando Matt Borges Martins acquired 9,116 shares of the business’s stock in a transaction dated Wednesday, October 7th. The shares were purchased at an average price of $3.12 per share, with a total value of $28,441.92. Following the transaction, the director directly owned 20 shares in the company, valued at approximately $62.40. This represents a -100.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 41,105 shares of company stock valued at $127,888.

Institutional Investors Weigh In On CI&T

A number of hedge funds and other institutional investors have recently bought and sold shares of CINT. Janney Montgomery Scott LLC acquired a new stake in CI&T in the first quarter valued at approximately $60,000. Squarepoint Ops LLC purchased a new position in CI&T in the second quarter worth $43,000. AXQ Capital LP purchased a new position in CI&T in the second quarter worth $74,000. R Squared Ltd grew its holdings in CI&T by 24.1% in the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after purchasing an additional 6,707 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of CI&T during the first quarter worth $181,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

CI&T (NYSE: CINT) is a global technology and digital transformation company that helps organizations modernize their businesses, customer experiences and technology infrastructure. Its services include digital strategy, user experience and product design, software engineering, cloud computing, data and analytics, artificial intelligence, and technology modernization.

The company works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.