Inter & Co. Inc. (NASDAQ:INTR) Hits New 1-Year Low – Here’s What Happened

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

Analyst Ratings Changes

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

Inter & Co. Inc. Stock Performance

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 firm has a market cap of $2.35 billion, a P/E ratio of 8.88, a PEG ratio of 0.22 and a beta of 0.91. The stock’s 50 day moving average is $6.61 and its two-hundred day moving average is $7.86.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.17 EPS 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 firm had revenue of $437.95 million during the quarter, compared to analysts’ expectations of $495.33 million. As a group, equities analysts predict 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 bought and sold shares of INTR. Bank of America Corp DE raised its stake in Inter & Co. Inc. by 84.3% during the first quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock worth $11,849,000 after acquiring an additional 680,958 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Inter & Co. Inc. in the 1st quarter worth about $192,000. Squadra Investments Gestao DE Recursos LTDA. grew its holdings in shares of Inter & Co. Inc. by 1.1% in the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock worth $50,315,000 after purchasing an additional 67,500 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Inter & Co. Inc. by 15.3% during the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock worth $134,000 after purchasing an additional 2,230 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter worth about $182,000. 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.