Inter & Co. Inc. (NASDAQ:INTR) Trading Down 5.1% - Should You Sell?

Key Points

• Inter & Co. Inc. shares have declined by 5.1%, trading at $9.07, following a volume drop of 22% from the average session.
• Wall Street analysts have mixed opinions on the stock, with ratings ranging from "buy" to "sell" and an average price target of $7.20.
• Institutional investments have increased significantly, with new positions acquired by multiple firms, reflecting a growing interest in the company amidst fluctuating stock performance.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s share price traded down 5.1% during mid-day trading on Friday . The company traded as low as $9.20 and last traded at $9.07. 1,863,645 shares were traded during mid-day trading, a decline of 22% from the average session volume of 2,391,089 shares. The stock had previously closed at $9.55.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings cut Inter & Co. Inc. from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. UBS Group boosted their price objective on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a "buy" rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.20.

Inter & Co. Inc. Price Performance

The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 0.45 and a beta of 1.13. The company has a 50-day moving average price of $8.75 and a 200-day moving average price of $7.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $365.45 million during the quarter, compared to analyst estimates of $2.04 billion. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%. On average, equities research analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in shares of Inter & Co. Inc. in the 3rd quarter valued at approximately $35,000. SBI Securities Co. Ltd. grew its position in shares of Inter & Co. Inc. by 1,281.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company's stock valued at $42,000 after purchasing an additional 5,240 shares during the period. Summit Securities Group LLC grew its position in shares of Inter & Co. Inc. by 1,375.1% in the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock valued at $50,000 after purchasing an additional 8,457 shares during the period. Scotia Capital Inc. acquired a new position in shares of Inter & Co. Inc. in the 2nd quarter valued at approximately $99,000. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Inter & Co. Inc. in the 1st quarter valued at approximately $110,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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.

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