Inter & Co. Inc. (NASDAQ:INTR) Sets New 12-Month Low – Here’s What Happened

Inter & Co. Inc. (NASDAQ:INTR)’s share 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 traded. The stock had previously closed at $5.85.

Analyst Upgrades and Downgrades

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

Inter & Co. Inc. Trading Down 0.9%

The stock has a 50-day moving average of $7.73 and a 200 day moving average of $8.43. The stock has a market cap of $2.55 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.23 and a beta of 1.02. 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $437.96 million for the quarter, compared to analyst estimates of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. As a group, sell-side analysts anticipate 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 made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 shares of Inter & Co. Inc. during the 4th quarter worth approximately $63,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Inter & Co. Inc. during the 4th quarter worth approximately $92,000. State of Wyoming acquired a new stake in shares of Inter & Co. Inc. during the 4th quarter worth approximately $122,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Inter & Co. Inc. during the 4th quarter worth approximately $123,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

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.