Inter & Co. Inc. (NASDAQ:INTR) Hits New 52-Week Low - Here's What Happened

Key Points

• Inter & Co. shares hit a new 52-week low, falling to $3.84 and last trading at $3.8750, down from the prior close of $4.03. The stock’s 50-day and 200-day moving averages were substantially higher at $5.81 and $6.78, respectively.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy, three say Hold, and one recommends Sell. The consensus rating is Hold, with a $9.30 price target, though Zacks downgraded the shares to Strong Sell.
• The company slightly exceeded quarterly EPS estimates with $0.19 versus $0.18 expected, but revenue of $475.45 million fell short of the $513.31 million consensus estimate. Institutional investors own 22.9% of the stock.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group set a $9.00 price target on Inter & Co. Inc. in a report on Thursday. Zacks Research cut Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a report on Friday, October 9th. UBS Group increased their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, October 20th. JPMorgan Chase & Co. upped their target price on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.30.

Inter & Co. Inc. Stock Down 3.1%

The business's 50 day simple moving average is $5.81 and its 200-day simple moving average is $6.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.20 and a beta of 0.94.

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

Institutional Investors Weigh In On Inter & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantinno Capital Management LP raised its position in Inter & Co. Inc. by 15.3% during the first quarter. Quantinno Capital Management LP now owns 16,783 shares of the company's stock worth $134,000 after acquiring an additional 2,230 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Inter & Co. Inc. in the third quarter valued at approximately $26,000. Sage Investment Counsel LLC lifted its position in shares of Inter & Co. Inc. by 66.7% in the third quarter. Sage Investment Counsel LLC now owns 25,000 shares of the company's stock valued at $134,000 after buying an additional 10,000 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Inter & Co. Inc. in the third quarter valued at approximately $82,000. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Inter & Co. Inc. in the third quarter valued at approximately $91,000. 22.90% of the stock is owned by institutional investors.

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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