Inter & Co. Inc. (NASDAQ:INTR) Hits New 1-Year Low - Here's What Happened

Key Points

• Inter & Co.’s stock hit a new 52-week low, falling as low as $4.49 from a prior close of $7.19 during heavy trading.
• Analyst sentiment is mixed: JPMorgan and UBS raised their price targets to $11 and $10, respectively, while Zacks downgraded the stock to “strong sell.” The consensus rating remains “Hold,” with a $9.80 target price.
• The company’s latest quarterly results slightly exceeded EPS expectations at $0.19, but revenue of $475.45 million fell short of the $513.31 million consensus estimate; institutional investors own 22.9% of the shares.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $4.49 and last traded at $4.8220, with a volume of 4,625,019 shares traded. The stock had previously closed at $7.19.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. UBS Group lifted their price objective on Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, October 20th. Finally, Zacks Research downgraded shares of Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a report on Friday, October 9th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Inter & Co. Inc. presently has an average rating of "Hold" and a consensus target price of $9.80.

Inter & Co. Inc. Stock Performance

The company has a market cap of $1.94 billion, a PE ratio of 6.60, a P/E/G ratio of 0.36 and a beta of 0.94. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. The stock's 50 day simple moving average is $5.94 and its two-hundred day simple moving average is $6.12.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The business had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. As a group, research analysts anticipate that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC bought a new stake in shares of Inter & Co. Inc. in the 3rd quarter worth approximately $82,000. Ramsey Quantitative Systems acquired a new position in Inter & Co. Inc. during the 3rd quarter valued at about $91,000. Quantinno Capital Management LP raised its position in shares of Inter & Co. Inc. by 15.3% during the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company's stock worth $134,000 after buying an additional 2,230 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Inter & Co. Inc. in the 3rd quarter worth approximately $179,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Inter & Co. Inc. in the 1st quarter worth approximately $182,000. 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.

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