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

Inter & Co. Inc. (NASDAQ:INTR)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.62 and last traded at $5.5830, with a volume of 283858 shares traded. The stock had previously closed at $5.67.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Citigroup lowered Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. UBS Group decreased their price target on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group decreased their price target on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.28.

Inter & Co. Inc. Price Performance

The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day simple moving average of $7.09 and a 200-day simple moving average of $8.09.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $437.96 million during the quarter, compared to the consensus estimate of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. Equities research analysts expect that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Hedge Funds Weigh In On Inter & Co. Inc.

Hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC lifted its position in shares of Inter & Co. Inc. by 108.9% during the 3rd quarter. William Blair Investment Management LLC now owns 3,484,335 shares of the company’s stock worth $32,160,000 after buying an additional 1,816,322 shares in the last quarter. Tredje AP fonden bought a new position in shares of Inter & Co. Inc. during the 3rd quarter worth approximately $12,372,000. WIM INVESTMENT MANAGEMENT Ltd bought a new position in shares of Inter & Co. Inc. during the 3rd quarter worth approximately $9,058,000. JPMorgan Chase & Co. lifted its position in shares of Inter & Co. Inc. by 71,120.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,123,143 shares of the company’s stock worth $10,367,000 after buying an additional 1,121,566 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Inter & Co. Inc. during the 3rd quarter worth approximately $1,157,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co. Inc.

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.