CI&T (NYSE:CINT) Sees Unusually-High Trading Volume – Should You Buy?

Shares of CI&T Inc. (NYSE:CINT) saw strong trading volume on Wednesday . 109,902 shares were traded during trading, an increase of 17% from the previous session’s volume of 93,598 shares.The stock last traded at $6.80 and had previously closed at $6.82.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CINT shares. The Goldman Sachs Group assumed coverage on CI&T in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $7.30 price target for the company. Canaccord Genuity Group boosted their target price on shares of CI&T from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Itau BBA Securities raised shares of CI&T from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on shares of CI&T from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Citigroup raised their target price on shares of CI&T from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.11.

CI&T Stock Up 0.1 %

The company has a market capitalization of $918.03 million, a price-to-earnings ratio of 52.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 1.58. The business’s 50 day moving average is $6.90 and its 200 day moving average is $6.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CINT. XTX Topco Ltd purchased a new stake in shares of CI&T during the second quarter valued at $76,000. Virtu Financial LLC acquired a new stake in CI&T during the 3rd quarter worth about $108,000. GSA Capital Partners LLP grew its stake in CI&T by 12.5% during the 3rd quarter. GSA Capital Partners LLP now owns 27,010 shares of the company’s stock valued at $183,000 after purchasing an additional 2,995 shares during the last quarter. State Street Corp increased its holdings 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 purchasing an additional 15,083 shares during the period. Finally, Marshall Wace LLP increased its holdings 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 valued at $479,000 after purchasing an additional 65,457 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.