Inter & Co. Inc. (NASDAQ:INTR) Stock Price Down 4.9% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Inter & Co. Inc. Trading Up 0.9%

The firm has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $6.84. The firm has a market cap of $1.83 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 0.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $513.31 million. On average, equities research analysts expect that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Squadra Investments Gestao DE Recursos LTDA. lifted its holdings in Inter & Co. Inc. by 1.1% during 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 acquiring an additional 67,500 shares during the period. Wellington Management Group LLP boosted its stake in Inter & Co. Inc. by 16.2% in the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after acquiring an additional 904,682 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its position in shares of Inter & Co. Inc. by 1,059.2% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after buying an additional 3,676,696 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Inter & Co. Inc. by 7.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company’s stock worth $19,371,000 after acquiring an additional 170,649 shares during the last quarter. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new stake in Inter & Co. Inc. in the 2nd quarter valued at about $13,267,000. 22.90% of the stock is owned by 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.