Inter & Co. Inc. (NASDAQ:INTR) Reaches New 1-Year Low – What’s Next?

Inter & Co. Inc. (NASDAQ:INTR) shares reached a new 52-week low on Tuesday. The stock traded as low as $3.84 and last traded at $3.8750, with a volume of 1,843,009 shares changing hands. The stock had previously closed at $4.03.

Analyst Ratings Changes

A number of research firms recently weighed in on INTR. Zacks Research downgraded Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. UBS Group raised their price objective on Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. boosted their price objective on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Finally, The Goldman Sachs Group set a $9.00 target price on Inter & Co. Inc. in a research report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.30.

Inter & Co. Inc. Trading Down 4.5%

The stock has a market capitalization of $1.67 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.19 and a beta of 1.01. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $5.74 and a 200-day moving average price of $6.73.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INTR. Wellington Management Group LLP increased its position 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 buying an additional 904,682 shares during the period. Squadra Investments Gestao DE Recursos LTDA. lifted its holdings in Inter & Co. Inc. by 1.1% in 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 buying an additional 67,500 shares during the period. SPX Gestao de Recursos Ltda lifted its holdings in Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after buying an additional 3,676,696 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new stake in Inter & Co. Inc. in the second quarter worth about $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 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 valued at $19,371,000 after acquiring an additional 170,649 shares in the last quarter. Institutional investors 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.