Inter & Co. Inc. (NASDAQ:INTR) Stock Price Down 3.5% – Here’s What Happened

Inter & Co. Inc. (NASDAQ:INTR) shares were down 3.5% during mid-day trading on Monday . The company traded as low as $8.00 and last traded at $7.9450. Approximately 357,364 shares were traded during trading, a decline of 85% from the average daily volume of 2,421,111 shares. The stock had previously closed at $8.23.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Itau BBA Securities lowered shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $11.00 to $10.00 in a report on Wednesday, November 19th. UBS Group upped their price target on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.32.

Inter & Co. Inc. Stock Up 0.9%

The firm’s 50 day moving average price is $8.90 and its two-hundred day moving average price is $8.23. The firm has a market capitalization of $3.67 billion, a PE ratio of 17.05, a P/E/G ratio of 0.39 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $396.89 million for the quarter, compared to the consensus estimate of $2.14 billion. Inter & Co. Inc. had a net margin of 12.46% and a return on equity of 12.57%. As a group, research analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new position in shares of Inter & Co. Inc. in the 3rd quarter valued at approximately $35,000. SBI Securities Co. Ltd. increased its stake in shares of Inter & Co. Inc. by 1,281.2% in the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock worth $42,000 after buying an additional 5,240 shares during the last quarter. Scotia Capital Inc. acquired a new stake in Inter & Co. Inc. in the second quarter valued at $99,000. Entropy Technologies LP bought a new position in Inter & Co. Inc. during the 2nd quarter valued at $131,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Inter & Co. Inc. during the 2nd quarter valued at $136,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.