Inter & Co. Inc. (NASDAQ:INTR) Shares Break Below 200 Day Moving Average - What's Next?

Key Points

• Inter & Co. shares fell below their 200-day moving average of $6.89, trading as low as $4.34 and last changing hands at $4.68 on heavy volume. The stock is down 34.9%.
• Analyst sentiment is mixed: three analysts rate the stock Buy, three Hold, and one Sell. The consensus rating is Hold, with an average price target of $9.80, while UBS and JPMorgan recently raised their targets to $10 and $11, respectively.
• The company slightly exceeded quarterly EPS expectations, reporting $0.19 versus $0.18 forecast, but revenue of $475.45 million missed estimates of $513.31 million. Institutional investors own 22.9% of the stock, and several hedge funds recently increased their positions.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $6.89 and traded as low as $4.34. Inter & Co. Inc. shares last traded at $4.68, with a volume of 55,666,627 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on INTR shares. 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 report on Tuesday, October 20th. JPMorgan Chase & Co. raised their target price on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Tuesday, October 6th. Zacks Research downgraded shares of Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a research report on Friday, October 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.80.

Inter & Co. Inc. Stock Down 34.9%

The stock has a market capitalization of $2.07 billion, a P/E ratio of 7.09, a PEG ratio of 0.36 and a beta of 0.94. The company has a fifty day moving average price of $5.92 and a 200-day moving average price of $6.89. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $513.31 million. As a group, research analysts forecast that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

Hedge funds and other institutional investors have recently modified their holdings of the business. Squadra Investments Gestao DE Recursos LTDA. boosted its position in shares of Inter & Co. Inc. by 1.1% in the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company's stock worth $50,315,000 after purchasing an additional 67,500 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $35,147,000 after buying an additional 904,682 shares during the last quarter. SPX Gestao de Recursos Ltda boosted its holdings in Inter & Co. Inc. by 1,059.2% during the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company's stock worth $32,029,000 after buying an additional 3,676,696 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Inter & Co. Inc. by 7.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company's stock valued at $19,371,000 after purchasing an additional 170,649 shares in the last quarter. Finally, Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new position in Inter & Co. Inc. in the 2nd quarter worth about $13,267,000. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Company Profile

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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