Inter & Co. Inc. (NASDAQ:INTR) Reaches New 1-Year Low – What’s Next?

Inter & Co. Inc. (NASDAQ:INTR)’s stock price reached a new 52-week low on Monday . The company traded as low as $5.64 and last traded at $5.7950, with a volume of 772321 shares changing hands. The stock had previously closed at $5.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on INTR shares. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group reduced their price target on shares of Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating for the company in a research report on Tuesday, May 12th. JPMorgan Chase & Co. decreased their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. Finally, Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and cut their target price for the company from $12.00 to $6.50 in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.48.

Inter & Co. Inc. Trading Down 1.5%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is $7.82 and its two-hundred day moving average is $8.48. The stock has a market capitalization of $2.54 billion, a PE ratio of 9.58, a PEG ratio of 0.24 and a beta of 1.02.

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

Institutional Investors Weigh In On Inter & Co. Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its stake in Inter & Co. Inc. by 15,133.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after purchasing an additional 7,264 shares during the last quarter. Barclays PLC acquired a new stake in Inter & Co. Inc. during the 4th quarter worth about $63,000. Fideuram Asset Management Ireland dac acquired a new stake in Inter & Co. Inc. during the 4th quarter worth about $92,000. State of Wyoming acquired a new stake in Inter & Co. Inc. during the 4th quarter worth about $122,000. Finally, SG Americas Securities LLC purchased a new position in Inter & Co. Inc. during the 4th quarter valued at about $123,000. 22.90% of the stock is currently owned by institutional investors.

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.