Inter & Co. Inc. (NASDAQ:INTR) Reaches New 12-Month Low – Time to Sell?

Inter & Co. Inc. (NASDAQ:INTR)’s share price reached a new 52-week low on Monday . The stock traded as low as $5.62 and last traded at $5.5830, with a volume of 283858 shares changing hands. The stock had previously closed at $5.67.

Wall Street Analyst Weigh In

INTR has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. JPMorgan Chase & Co. dropped their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. UBS Group cut their price target on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a report on Wednesday. Finally, Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Inter & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $9.28.

Inter & Co. Inc. Price Performance

The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.23 and a beta of 0.91. The company’s fifty day moving average is $7.18 and its 200 day moving average is $8.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. The firm had revenue of $437.96 million for the quarter, compared to analyst estimates of $495.33 million. On average, equities research analysts predict that Inter & Co. Inc. will post 0.77 EPS for the current year.

Institutional Trading of Inter & Co. Inc.

Several institutional investors and hedge funds have recently bought and sold shares of INTR. Wasatch Advisors LP grew its stake in Inter & Co. Inc. by 170.8% in the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock valued at $130,466,000 after purchasing an additional 9,704,435 shares in the last quarter. SPX Gestao de Recursos Ltda raised its stake in shares of Inter & Co. Inc. by 1,059.2% during 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 in the last quarter. Marshall Wace LLP boosted its holdings in shares of Inter & Co. Inc. by 62.7% in the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after buying an additional 2,981,210 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Inter & Co. Inc. by 60.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after buying an additional 2,110,861 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Inter & Co. Inc. by 10,681.6% in the second quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock valued at $12,505,000 after buying an additional 1,667,402 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.