Inter & Co. Inc. (NASDAQ:INTR) Shares Down 4.9% - What's Next?

Key Points

• Inter & Co. shares fell 4.9% to $4.45, with trading volume 19% above the daily average.
• Analyst sentiment is mixed: the stock carries an average “Hold” rating and a $9.80 consensus price target, while UBS and JPMorgan raised their targets and Zacks downgraded the shares to “strong sell.”
• The company recently beat quarterly earnings expectations, reporting $0.19 per share 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.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s stock price was down 4.9% during trading on Tuesday. The stock traded as low as $4.39 and last traded at $4.45. 6,560,030 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 5,505,270 shares. The stock had previously closed at $4.68.

Wall Street Analyst Weigh In

INTR has been the subject of several analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. UBS Group increased their price objective on Inter & Co. Inc. from $8.80 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, October 20th. Zacks Research lowered Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a research note on Friday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Inter & Co. Inc. currently has an average rating of "Hold" and an average target price of $9.80.

Inter & Co. Inc. Stock Performance

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 fifty day moving average is $5.92 and its two-hundred day moving average is $6.89. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 6.57, a P/E/G ratio of 0.36 and a beta of 0.94.

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

Hedge Funds Weigh In On Inter & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC bought a new stake in shares of Inter & Co. Inc. during the third quarter valued at about $82,000. Ramsey Quantitative Systems purchased a new position in Inter & Co. Inc. during the third quarter worth about $91,000. Quantinno Capital Management LP increased its stake in Inter & Co. Inc. by 15.3% in the 1st 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 during the last quarter. Sage Investment Counsel LLC boosted its position in shares of Inter & Co. Inc. by 66.7% during the 3rd quarter. Sage Investment Counsel LLC now owns 25,000 shares of the company's stock valued at $134,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in Inter & Co. Inc. in the third quarter valued at approximately $179,000. 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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