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

Shares of Inter & Co. Inc. (NASDAQ:INTR) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.16 and last traded at $5.33, with a volume of 7264740 shares. The stock had previously closed at $5.39.

Analyst Ratings Changes

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

Inter & Co. Inc. Stock Performance

The firm has a 50 day moving average of $6.48 and a 200-day moving average of $7.81. The company has a market cap of $2.31 billion, a P/E ratio of 8.73, a PEG ratio of 0.21 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%.The business had revenue of $437.95 million during the quarter, compared to analyst estimates of $495.33 million. As a group, sell-side analysts anticipate that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTR. Geode Capital Management LLC raised its holdings in shares of Inter & Co. Inc. by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,303 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Inter & Co. Inc. by 15.3% during the first 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 in the last quarter. Creative Planning increased its holdings in Inter & Co. Inc. by 10.9% during the second quarter. Creative Planning now owns 43,704 shares of the company’s stock valued at $325,000 after buying an additional 4,312 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after buying an additional 7,264 shares in the last quarter. Finally, Barclays PLC bought a new position in Inter & Co. Inc. in the fourth quarter worth approximately $63,000. 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.