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

Inter & Co. Inc. (NASDAQ:INTR)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $5.45 and last traded at $5.4550, with a volume of 1495998 shares changing hands. The stock had previously closed at $5.56.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. The Goldman Sachs Group reduced their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Citigroup cut shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. Finally, Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Inter & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $9.28.

Inter & Co. Inc. Stock Down 2.1%

The stock has a market cap of $2.40 billion, a PE ratio of 9.08, a PEG ratio of 0.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50 day moving average price of $6.83 and a two-hundred day moving average price of $7.97.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%.The company had revenue of $437.95 million for the quarter, compared to analysts’ expectations of $495.33 million. Analysts expect that Inter & Co. Inc. will post 0.77 EPS for the current year.

Institutional Trading of Inter & Co. Inc.

A number of large investors have recently made changes to their positions in INTR. Wasatch Advisors LP raised its holdings in shares of Inter & Co. Inc. by 170.8% during the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock valued at $130,466,000 after purchasing an additional 9,704,435 shares during the last quarter. SPX Gestao de Recursos Ltda grew its position in Inter & Co. Inc. by 1,059.2% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after purchasing an additional 3,676,696 shares during the period. Marshall Wace LLP grew its position in Inter & Co. Inc. by 62.7% in the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after purchasing an additional 2,981,210 shares during the period. William Blair Investment Management LLC raised its stake in Inter & Co. Inc. by 60.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after buying an additional 2,110,861 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Inter & Co. Inc. by 10,681.6% during the 2nd quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock valued at $12,505,000 after buying an additional 1,667,402 shares during the last quarter. 22.90% of the stock is currently owned by institutional investors.

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.