Inter & Co. Inc. (NASDAQ:INTR) Shares Down 6.8% – Here’s Why

Inter & Co. Inc. (NASDAQ:INTR) shares were down 6.8% on Friday . The stock traded as low as $5.38 and last traded at $5.33. Approximately 4,193,047 shares traded hands during trading, a decline of 7% from the average daily volume of 4,527,285 shares. The stock had previously closed at $5.72.

Analyst Ratings Changes

INTR has been the subject of a number of research reports. Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and reduced their price target for the company from $12.00 to $6.50 in a research report on Monday, May 18th. JPMorgan Chase & Co. dropped their price objective on 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. UBS Group decreased their target price on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. The Goldman Sachs Group dropped their price target on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.28.

Inter & Co. Inc. Stock Performance

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.23 and a beta of 0.95. The company’s fifty day simple moving average is $5.60 and its two-hundred day simple moving average is $7.21. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $475.45 million during the quarter, compared to the consensus estimate of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 15.39%. Equities research analysts predict that Inter & Co. Inc. will post 0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INTR. Geode Capital Management LLC raised its position in Inter & Co. Inc. by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,303 shares during the last quarter. Quantinno Capital Management LP grew its holdings in 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 acquiring an additional 2,230 shares during the last quarter. Creative Planning raised its stake in shares of Inter & Co. Inc. by 10.9% in the second quarter. Creative Planning now owns 43,704 shares of the company’s stock worth $325,000 after acquiring an additional 4,312 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Inter & Co. Inc. by 15,133.3% during the fourth 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 in the last quarter. Finally, Barclays PLC bought a new stake in shares of Inter & Co. Inc. during the fourth quarter valued at approximately $63,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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.