CI&T Inc. (NYSE:CINT) Short Interest Down 34.2% in March

CI&T Inc. (NYSE:CINT) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 126,300 shares, a decrease of 34.2% from the February 28th total of 192,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 104,800 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On CI&T

Large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp acquired a new stake in shares of CI&T during the 4th quarter worth approximately $68,000. Virtu Financial LLC bought a new stake in CI&T in the third quarter valued at $108,000. Two Sigma Investments LP acquired a new position in shares of CI&T during the fourth quarter valued at about $111,000. Cubist Systematic Strategies LLC boosted its position in shares of CI&T by 82.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 18,755 shares of the company’s stock worth $114,000 after purchasing an additional 8,459 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in CI&T during the fourth quarter worth $152,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wedbush set a $9.00 target price on shares of CI&T in a report on Monday, February 3rd. Canaccord Genuity Group restated a “buy” rating and set a $10.00 price objective on shares of CI&T in a research report on Monday, March 17th. UBS Group raised their target price on CI&T from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen started coverage on CI&T in a report on Friday, December 6th. They set a “buy” rating and a $9.00 price target for the company. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.37.

CI&T Trading Down 1.3 %

Shares of CI&T stock traded down $0.08 on Friday, hitting $6.09. The stock had a trading volume of 102,947 shares, compared to its average volume of 93,922. The stock has a 50 day moving average of $6.85 and a 200 day moving average of $6.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. CI&T has a twelve month low of $3.34 and a twelve month high of $8.04. The firm has a market capitalization of $818.57 million, a P/E ratio of 46.85 and a beta of 1.18.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.36). CI&T had a return on equity of 9.55% and a net margin of 4.39%. The company had revenue of $112.34 million for the quarter, compared to the consensus estimate of $646.68 million. Sell-side analysts expect that CI&T will post 0.2 earnings per share for the current fiscal year.

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.