Inter & Co. Inc. (NASDAQ:INTR) Posts Earnings Results, Beats Expectations By $0.01 EPS

Inter & Co. Inc. (NASDAQ:INTR) released its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01, Zacks reports. The firm had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 15.39%.

Inter & Co. Inc. Stock Performance

Shares of INTR stock traded down $0.45 during trading hours on Friday, reaching $5.27. 10,916,001 shares of the company traded hands, compared to its average volume of 4,554,539. The firm has a 50-day moving average price of $5.60 and a 200 day moving average price of $7.21. The company has a market cap of $2.33 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. Inter & Co. Inc. has a 12-month low of $5.16 and a 12-month high of $10.36.

Hedge Funds Weigh In On Inter & Co. Inc.

Several large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after purchasing an additional 7,264 shares during the period. Barclays PLC bought a new stake in shares of Inter & Co. Inc. during the 4th quarter valued at $63,000. State of Wyoming bought a new stake in shares of Inter & Co. Inc. during the 4th quarter valued at $122,000. Brooklyn Investment Group bought a new stake in shares of Inter & Co. Inc. during the 4th quarter valued at $126,000. Finally, Mangrove Partners IM LLC purchased a new position in shares of Inter & Co. Inc. during the 4th quarter valued at $182,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analysts Set New Price Targets

INTR has been the topic of several research reports. Citigroup cut shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. UBS Group lowered 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, June 3rd. Weiss Ratings downgraded Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group cut their price objective on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.28.

About Inter & Co. Inc.

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.