Inter & Co. Inc. (NASDAQ:INTR) Shares Gap Down - Should You Sell?

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.05, but opened at $6.80. Inter & Co. Inc. shares last traded at $6.87, with a volume of 461,098 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their price target on shares of Inter & Co. Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a report on Monday, March 17th.

Inter & Co. Inc. Price Performance

The stock's 50-day moving average is $7.10 and its 200 day moving average is $5.92. The stock has a market capitalization of $3.01 billion, a PE ratio of 16.71, a P/E/G ratio of 0.36 and a beta of 1.13. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.04.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $323.40 million for the quarter, compared to analysts' expectations of $1.89 billion. Inter & Co. Inc. had a net margin of 11.87% and a return on equity of 10.88%. As a group, equities analysts predict that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its stake in Inter & Co. Inc. by 6.4% during the fourth quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock worth $207,000 after acquiring an additional 2,961 shares in the last quarter. Prudential PLC increased its stake in shares of Inter & Co. Inc. by 27.0% in the fourth quarter. Prudential PLC now owns 18,539 shares of the company's stock valued at $78,000 after buying an additional 3,937 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Inter & Co. Inc. by 78.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock valued at $52,000 after buying an additional 5,500 shares in the last quarter. US Bancorp DE increased its stake in shares of Inter & Co. Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after buying an additional 5,873 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Inter & Co. Inc. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock valued at $7,047,000 after buying an additional 5,992 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co. Inc. Company Profile

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.