Inter & Co. Inc. (NASDAQ:INTR) Shares Down 4.9% – Here’s What Happened

Inter & Co. Inc. (NASDAQ:INTR)’s stock price was down 4.9% during trading on Tuesday. The stock traded as low as $4.39 and last traded at $4.45. 6,560,030 shares changed hands during trading, an increase of 19% from the average session volume of 5,505,270 shares. The stock had previously closed at $4.68.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTR shares. Zacks Research downgraded shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. JPMorgan Chase & Co. raised their price target on Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Finally, UBS Group increased their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.80.

Inter & Co. Inc. Stock Down 7.4%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $1.91 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 0.36 and a beta of 0.94. The company’s fifty day moving average price is $5.92 and its 200-day moving average price is $6.89.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. Equities analysts forecast that Inter & Co. Inc. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several large investors have recently bought and sold shares of INTR. Sanders Morris Harris LLC acquired a new stake in shares of Inter & Co. Inc. in the 3rd quarter worth $82,000. Ramsey Quantitative Systems acquired a new position in shares of Inter & Co. Inc. in the third quarter valued at approximately $91,000. Quantinno Capital Management LP increased its position in shares of Inter & Co. Inc. by 15.3% during the first 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 period. Sage Investment Counsel LLC increased its holdings in Inter & Co. Inc. by 66.7% during the 3rd quarter. Sage Investment Counsel LLC now owns 25,000 shares of the company’s stock worth $134,000 after purchasing an additional 10,000 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in shares of Inter & Co. Inc. during the third quarter worth approximately $179,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter’s platform includes marketplace and shopping services, as well as travel-related offerings.