Inter & Co. Inc. (NASDAQ:INTR) Reaches New 52-Week Low – Here’s Why

Shares of Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as $3.84 and last traded at $3.8750, with a volume of 1,843,009 shares traded. The stock had previously closed at $4.03.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INTR shares. The Goldman Sachs Group set a $9.00 price target on shares of Inter & Co. Inc. in a research note on Thursday. Zacks Research cut Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. JPMorgan Chase & Co. upped their target price on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. Finally, UBS Group boosted their price target on Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Inter & Co. Inc. has an average rating of “Hold” and a consensus target price of $9.30.

Read Our Latest Stock Report on Inter & Co. Inc.

Inter & Co. Inc. Stock Performance

The stock’s 50-day simple moving average is $5.81 and its 200-day simple moving average is $6.78. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.20 and a beta of 0.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last announced 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 net margin of 11.23% and a return on equity of 14.94%. The company had revenue of $475.45 million for the quarter, compared to analysts’ expectations of $513.31 million. Analysts forecast that Inter & Co. Inc. will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in INTR. CenterBook Partners LP raised its holdings in Inter & Co. Inc. by 401.7% in the 3rd quarter. CenterBook Partners LP now owns 468,222 shares of the company’s stock valued at $2,500,000 after acquiring an additional 374,896 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Inter & Co. Inc. during the 3rd quarter worth $181,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Inter & Co. Inc. during the 3rd quarter worth $26,000. Sage Investment Counsel LLC increased its position in shares of Inter & Co. Inc. by 66.7% in the third quarter. Sage Investment Counsel LLC now owns 25,000 shares of the company’s stock worth $134,000 after purchasing an additional 10,000 shares during the period. Finally, Wedbush Securities Inc. bought a new position in shares of Inter & Co. Inc. in the third quarter worth $179,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Company Profile

(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.

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