CI&T (NYSE:CINT) Sees Strong Trading Volume – What’s Next?

Shares of CI&T Inc. (NYSE:CINT) saw an uptick in trading volume on Friday . 86,221 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 85,435 shares.The stock last traded at $7.80 and had previously closed at $7.27.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wedbush upgraded CI&T to a “strong-buy” rating in a report on Monday. UBS Group upped their price objective on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Canaccord Genuity Group upped their target price on CI&T from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, TD Cowen started coverage on shares of CI&T in a research note on Friday, December 6th. They issued a “buy” rating and a $9.00 price target on the stock. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $7.92.

CI&T Price Performance

The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 58.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.58. The business’s 50-day simple moving average is $6.44 and its two-hundred day simple moving average is $6.65.

Institutional Investors Weigh In On CI&T

A number of institutional investors have recently added to or reduced their stakes in CINT. Virtu Financial LLC acquired a new position in shares of CI&T during the third quarter worth $108,000. Verde Servicos Internacionais S.A. bought a new position in CI&T during the 4th quarter worth $152,000. GSA Capital Partners LLP lifted its holdings in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock worth $183,000 after buying an additional 2,995 shares during the period. State Street Corp increased its stake in shares of CI&T by 28.8% in the third quarter. State Street Corp now owns 67,380 shares of the company’s stock valued at $458,000 after buying an additional 15,083 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of CI&T by 245.6% in the second quarter. Marshall Wace LLP now owns 92,114 shares of the company’s stock worth $479,000 after acquiring an additional 65,457 shares during the period. 92.45% of the stock is owned by institutional investors.

CI&T Company Profile

CI&T, Inc provides strategy, design and software engineering services to enable digital transformation. The firm’s solutions and services include Digital Strategy, Customer-Centric Design and Top-of-the-Line Software Engineering. The company was founded by Cesar Nivaldo Gon, Bruno Guiçardi Neto and Fernando Matt Borges Martins on June 7, 2021 and is headquartered in Sao Paulo, Brazil.