Inter & Co. Inc. (NASDAQ:INTR) Reaches New 12-Month Low - Should You Sell?

Key Points

• Inter & Co.’s stock hit a new 52-week low, falling to approximately $5.03 from a prior close of $5.24. The shares remain below both their 50-day and 200-day moving averages.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $9.16, despite UBS lowering its target to $8.80.
• The company slightly exceeded quarterly EPS expectations at $0.19 versus $0.18, but revenue of $475.45 million came in below the $513.31 million consensus estimate. Institutional ownership stands at 22.9%, with several funds increasing their positions.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $5.04 and last traded at $5.0250, with a volume of 1159952 shares trading hands. The stock had previously closed at $5.24.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTR. UBS Group lowered their target price on Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings downgraded Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Inter & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus target price of $9.16.

Inter & Co. Inc. Price Performance

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $5.49 and a 200 day moving average price of $6.37. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.28 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%.The company had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. As a group, equities research analysts expect that Inter & Co. Inc. will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd purchased a new stake in Inter & Co. Inc. in the 2nd quarter worth $610,000. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in Inter & Co. Inc. during the second quarter valued at $13,267,000. Headlands Technologies LLC grew its position in shares of Inter & Co. Inc. by 571.4% in the second quarter. Headlands Technologies LLC now owns 216,603 shares of the company's stock valued at $1,176,000 after purchasing an additional 184,340 shares during the period. Wellington Management Group LLP grew its position in shares of Inter & Co. Inc. by 16.2% in the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company's stock valued at $35,147,000 after purchasing an additional 904,682 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Inter & Co. Inc. during the second quarter worth about $370,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

About Inter & Co. Inc.

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.

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