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

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

Analysts Set New Price Targets

A number of equities analysts have commented on INTR shares. Weiss Ratings cut Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. UBS Group lowered their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Inter & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.16.

Inter & Co. Inc. Price Performance

The stock’s 50-day moving average price is $5.49 and its 200 day moving average price is $6.37. 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 firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.28 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping 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 firm had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. Equities research analysts expect that Inter & Co. Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new position in Inter & Co. Inc. in the second quarter valued at approximately $610,000. Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new stake in Inter & Co. Inc. during the second quarter worth $13,267,000. Headlands Technologies LLC raised its position in Inter & Co. Inc. by 571.4% in the second quarter. Headlands Technologies LLC now owns 216,603 shares of the company’s stock valued at $1,176,000 after purchasing an additional 184,340 shares during the period. Wellington Management Group LLP raised its position in 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 valued at $35,147,000 after purchasing an additional 904,682 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Inter & Co. Inc. in the 2nd quarter valued at $370,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co. Inc. Company Profile

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.