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

Inter & Co. Inc. (NASDAQ:INTR)’s stock price reached a new 52-week low on Monday. The company traded as low as $4.49 and last traded at $4.8220, with a volume of 4,625,019 shares changing hands. The stock had previously closed at $7.19.

Analyst Ratings Changes

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

Inter & Co. Inc. Stock Performance

The business has a 50 day moving average price of $5.90 and a 200-day moving average price of $6.87. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.71 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. As a group, equities analysts predict that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

Several large investors have recently modified their holdings of the stock. Squadra Investments Gestao DE Recursos LTDA. boosted its stake 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 in the last quarter. Wellington Management Group LLP raised its holdings in shares of Inter & Co. Inc. by 16.2% during the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after purchasing an additional 904,682 shares during the period. SPX Gestao de Recursos Ltda raised its holdings in shares of Inter & Co. Inc. by 1,059.2% during the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after purchasing an additional 3,676,696 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Inter & Co. Inc. by 7.5% during 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 purchasing an additional 170,649 shares in the last quarter. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new position in shares of Inter & Co. Inc. during the 2nd quarter worth about $13,267,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co. Inc.

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.