Intergroup (NASDAQ:INTG) Share Price Breaks Above 200 Day Moving Average After Analyst Downgrade

Key Points

• Intergroup shares rose above their 200-day moving average, reaching $37.90 and last trading at $37.70, after Wall Street Zen upgraded the stock from “hold” to “buy.”
• Analyst sentiment remains cautious overall: Weiss Ratings raised its view from “sell” to “hold,” while the broader consensus rating is still “Hold.”
• BlackRock recently purchased 2,216 shares worth about $106,000, though institutional investors collectively own only 3.36% of Intergroup. The company reported quarterly EPS of $0.04 on $18.36 million in revenue.

Shares of The Intergroup Corporation (NASDAQ:INTG - Get Free Report) passed above its 200-day moving average during trading on Wednesday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock has a 200-day moving average of $34.97 and traded as high as $37.90. Intergroup shares last traded at $37.70, with a volume of 19,602 shares.

Separately, Weiss Ratings upgraded shares of Intergroup from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Intergroup stock. BlackRock Inc. purchased a new position in shares of The Intergroup Corporation (NASDAQ:INTG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,216 shares of the financial services provider's stock, valued at approximately $106,000. BlackRock Inc. owned 0.10% of Intergroup as of its most recent SEC filing. 3.36% of the stock is owned by hedge funds and other institutional investors.

Intergroup Price Performance

The business's 50 day simple moving average is $34.01 and its 200 day simple moving average is $34.97. The stock has a market cap of $81.02 million, a P/E ratio of 53.10 and a beta of 0.06.

Intergroup (NASDAQ:INTG - Get Free Report) last issued its quarterly earnings data on Monday, September 28th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $18.36 million during the quarter. Intergroup had a negative return on equity of 1.43% and a net margin of 2.22%.

About Intergroup

The InterGroup Corporation NASDAQ: INTG is a diversified holding company primarily focused on real estate operations and investments. Its real estate activities include the ownership, management and development of residential apartment properties, with an emphasis on generating rental income and managing property-related operations.

In addition to its real estate holdings, InterGroup invests in marketable securities and other financial assets. The company's results may therefore reflect both the performance of its property portfolio and changes in the value of its investment holdings.

InterGroup is based in the United States and has historically operated primarily through real estate-related subsidiaries and investments.

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