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

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. dropped 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. The Goldman Sachs Group cut their price target on 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. Finally, UBS Group lowered their price objective on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.28.

Inter & Co. Inc. Stock Down 2.1%

The company has a 50-day moving average of $6.83 and a two-hundred day moving average of $7.97. 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 market capitalization of $2.40 billion, a PE ratio of 9.08, a P/E/G ratio of 0.23 and a beta of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last issued 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 return on equity of 14.34% and a net margin of 12.24%.The business had revenue of $437.95 million during the quarter, compared to analysts’ expectations of $495.33 million. Sell-side analysts anticipate that Inter & Co. Inc. will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTR. Bank of America Corp DE raised its stake in Inter & Co. Inc. by 84.3% during the 1st 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 during the period. The Manufacturers Life Insurance Company bought a new position in shares of Inter & Co. Inc. in the first quarter worth approximately $192,000. Squadra Investments Gestao DE Recursos LTDA. boosted its position in shares of Inter & Co. Inc. by 1.1% in the first 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 period. Quantinno Capital Management LP increased its stake in shares of Inter & Co. Inc. by 15.3% in the first 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 bought a new stake in shares of Inter & Co. Inc. during the 1st quarter valued at $182,000. 22.90% of the stock is owned by hedge funds and other 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.