Inter & Co. Inc. (NASDAQ:INTR) Hits New 52-Week Low – Here’s What Happened

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. 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 research note on Friday, May 8th. Finally, UBS Group decreased their price target on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a report on Tuesday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.16.

Inter & Co. Inc. Stock Down 2.9%

The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day moving average price of $5.54 and a two-hundred day moving average price of $7.12.

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

Institutional Trading of Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in Inter & Co. Inc. by 1,446.7% during the first quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock valued at $364,000 after purchasing an additional 62,210 shares during the period. Millennium Management LLC boosted its holdings in Inter & Co. Inc. by 94.4% in the first quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock valued at $11,580,000 after purchasing an additional 1,026,321 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Inter & Co. Inc. by 43.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock worth $16,042,000 after purchasing an additional 891,939 shares during the period. Jane Street Group LLC grew its position in Inter & Co. Inc. by 502.0% during the 1st quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock worth $7,845,000 after purchasing an additional 1,193,818 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Inter & Co. Inc. by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after buying an additional 1,303 shares during the last quarter. 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.