Inter & Co. Inc. (NASDAQ:INTR) Reaches New 52-Week Low – Should You Sell?

Inter & Co. Inc. (NASDAQ:INTR) shares hit a new 52-week low on Tuesday . The stock traded as low as $5.13 and last traded at $5.0850, with a volume of 3755784 shares trading hands. The stock had previously closed at $5.35.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. The Goldman Sachs Group reduced their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. UBS Group set a $8.80 price target on Inter & Co. Inc. in a research note on Tuesday. Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $6.50 in a research note on Monday, May 18th. Finally, Weiss Ratings lowered shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Inter & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $9.16.

Inter & Co. Inc. Stock Down 3.8%

The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $5.57 and a two-hundred day moving average price of $7.17.

Inter & Co. Inc. (NASDAQ:INTR) last posted its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The firm had revenue of $475.45 million during the quarter, compared to the consensus estimate of $513.31 million. On average, equities analysts expect that Inter & Co. Inc. will post 0.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

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