Inter & Co. Inc. (NASDAQ:INTR) Reaches New 12-Month Low – What’s Next?

Inter & Co. Inc. (NASDAQ:INTR)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $5.04 and last traded at $5.0250, with a volume of 1159952 shares trading hands. The stock had previously closed at $5.24.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INTR. UBS Group cut their target price on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings cut Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.16.

Inter & Co. Inc. Stock Up 1.0%

The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.25 and a beta of 0.94. 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 has a 50 day moving average price of $5.47 and a 200 day moving average price of $6.34.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The business had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. As a group, analysts forecast that Inter & Co. Inc. will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Inter & Co. Inc.

Several large investors have recently modified their holdings of the business. Wellington Management Group LLP grew 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 purchasing an additional 904,682 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. raised 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 purchasing an additional 67,500 shares during the last quarter. SPX Gestao de Recursos Ltda raised its position in 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 during the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new position in Inter & Co. Inc. during the 2nd quarter worth about $13,267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Inter & Co. Inc. by 7.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company’s stock worth $19,371,000 after buying an additional 170,649 shares during the period. Institutional investors own 22.90% of the company’s stock.

About Inter & Co. Inc.

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.