Inter & Co. Inc. (NASDAQ:INTR) Sets New 52-Week Low – Should You Sell?

Inter & Co. Inc. (NASDAQ:INTR) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.16 and last traded at $5.33, with a volume of 7264740 shares traded. The stock had previously closed at $5.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. The Goldman Sachs Group cut their target price on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Finally, UBS Group decreased their target price on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.28.

Inter & Co. Inc. Stock Down 1.1%

The business’s 50-day moving average price is $6.61 and its 200-day moving average price is $7.86. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.35 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.22 and a beta of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $437.95 million for the quarter, compared to the consensus estimate of $495.33 million. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. As a group, equities research analysts predict that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in shares of Inter & Co. Inc. by 170.8% during the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after acquiring an additional 9,704,435 shares in the last quarter. Samlyn Capital LLC grew its stake in Inter & Co. Inc. by 19.9% in the third quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock valued at $78,600,000 after purchasing an additional 1,415,601 shares in the last quarter. Marshall Wace LLP grew its stake in Inter & Co. Inc. by 62.7% in the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after purchasing an additional 2,981,210 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its position in Inter & Co. Inc. by 1.1% in 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. Finally, William Blair Investment Management LLC increased its position in 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 worth $47,447,000 after purchasing an additional 2,110,861 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.