Inter & Co. Inc. (NASDAQ:INTR) Reaches New 12-Month Low – What’s Next?

Shares of Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $4.49 and last traded at $4.8220, with a volume of 4,625,019 shares changing hands. The stock had previously closed at $7.19.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INTR. Zacks Research lowered Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. UBS Group boosted their target price on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. raised their price objective on Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.80.

Check Out Our Latest Research Report on Inter & Co. Inc.

Inter & Co. Inc. Stock Down 38.8%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 0.36 and a beta of 0.94. The business’s 50 day moving average is $5.94 and its 200 day moving average is $6.12.

Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. The business had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. Equities analysts expect that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

Several institutional investors have recently made changes to their positions in INTR. Quantinno Capital Management LP lifted its holdings in Inter & Co. Inc. by 15.3% during the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock valued at $134,000 after purchasing an additional 2,230 shares during the last quarter. Sanders Morris Harris LLC bought a new position in shares of Inter & Co. Inc. in the third quarter valued at about $82,000. Ramsey Quantitative Systems acquired a new stake in shares of Inter & Co. Inc. during the 3rd quarter worth about $91,000. Lazard Asset Management LLC acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter worth about $182,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Inter & Co. Inc. during the 1st quarter worth about $192,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

About Inter & Co. Inc.

(Get Free Report)

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter’s platform includes marketplace and shopping services, as well as travel-related offerings.

Further Reading

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