Inter & Co. Inc. (NASDAQ:INTR) Reaches New 12-Month Low – Here’s Why

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

Analyst Ratings Changes

A number of brokerages have issued reports on INTR. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $6.50 in a research note on Monday, May 18th. UBS Group reduced their price target on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.28.

Inter & Co. Inc. Price Performance

The company has a market cap of $2.40 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.22 and a beta of 0.91. The company’s 50-day moving average is $6.73 and its two-hundred day moving average is $7.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $495.33 million. As a group, equities 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 hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Inter & Co. Inc. by 0.3% in the second quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock worth $3,303,000 after acquiring an additional 1,303 shares during the period. Quantinno Capital Management LP lifted its position in Inter & Co. Inc. by 15.3% during the first quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock valued at $134,000 after purchasing an additional 2,230 shares during the period. Creative Planning lifted its position in Inter & Co. Inc. by 10.9% during the second quarter. Creative Planning now owns 43,704 shares of the company’s stock valued at $325,000 after purchasing an additional 4,312 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Inter & Co. Inc. by 15,133.3% in 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 during the last quarter. Finally, Barclays PLC purchased a new stake in Inter & Co. Inc. in the fourth quarter worth approximately $63,000. 22.90% of the stock is 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.