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

Key Points

• Inter & Co. shares opened 4.7% lower at $7.38 after previously closing at $7.74, later trading around $7.55 on volume of roughly 2.16 million shares.
• Analyst sentiment remains mixed: three analysts rate the stock Buy, three Hold and one Sell. The consensus rating is Hold, with an average price target of $9.56.
• The company slightly exceeded quarterly EPS expectations at $0.19 versus $0.18, 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 share price gapped down before the market opened on Tuesday. The stock had previously closed at $7.74, but opened at $7.38. Inter & Co. Inc. shares last traded at $7.5540, with a volume of 2,156,786 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INTR. JPMorgan Chase & Co. boosted their price objective on Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an "overweight" rating in a report on Tuesday, October 6th. UBS Group reduced their target price on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. Finally, Zacks Research downgraded Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a research report on Friday. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.56.

Inter & Co. Inc. Trading Down 2.6%

The stock's 50 day simple moving average is $5.65 and its 200 day simple moving average is $6.18. The firm has a market cap of $3.33 billion, a PE ratio of 11.43, a PEG ratio of 0.38 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90.

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 the consensus estimate of $0.18 by $0.01. The firm had revenue of $475.45 million during 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%. On average, sell-side analysts forecast that Inter & Co. Inc. will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INTR. Wellington Management Group LLP lifted its stake in shares of Inter & Co. Inc. by 16.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company's stock valued at $35,147,000 after acquiring an additional 904,682 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. grew its position in Inter & Co. Inc. by 1.1% during 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 acquiring an additional 67,500 shares during the last quarter. SPX Gestao de Recursos Ltda increased its stake in Inter & Co. Inc. by 1,059.2% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company's stock worth $32,029,000 after purchasing an additional 3,676,696 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in Inter & Co. Inc. in the 2nd quarter worth approximately $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Inter & Co. Inc. by 7.5% in the first 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 during the last quarter. 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 banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.

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