Inter & Co. Inc. (NASDAQ:INTR) Trading Down 6.8% - What's Next?

Key Points

• Inter & Co. shares fell 6.8% to $5.33, trading below both the 50-day moving average of $5.60 and the 200-day moving average of $7.21.
• Analyst sentiment remains cautiously positive, with three Buy and three Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $9.28 despite recent target cuts.
• The company slightly beat quarterly EPS expectations at $0.19 versus $0.18, but revenue of $475.45 million fell short of the $513.31 million estimate; institutional investors own 22.9% of the stock.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) dropped 6.8% during trading on Friday . The company traded as low as $5.38 and last traded at $5.33. 4,193,047 shares were traded during trading, a decline of 7% from the average daily volume of 4,527,285 shares. The stock had previously closed at $5.72.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings cut Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 10th. Wall Street Zen lowered Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research note on Sunday, May 17th. The Goldman Sachs Group cut their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Friday, May 8th. Finally, UBS Group lowered their price target on Inter & Co. Inc. from $10.40 to $9.40 and set a "buy" rating on the stock in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.28.

Inter & Co. Inc. Trading Down 7.3%

The company has a 50-day moving average of $5.60 and a 200 day moving average of $7.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $2.34 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.23 and a beta of 0.95.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 15.39% and a net margin of 11.23%.The business had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Analysts predict that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Inter & Co. Inc. by 15,133.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock worth $62,000 after buying an additional 7,264 shares during the period. Barclays PLC purchased a new stake in shares of Inter & Co. Inc. during the fourth quarter worth approximately $63,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Inter & Co. Inc. during the fourth quarter worth $92,000. State of Wyoming purchased a new position in Inter & Co. Inc. during the 4th quarter worth $122,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Inter & Co. Inc. in the 4th quarter worth $123,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.

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