Inter & Co. Inc. (NASDAQ:INTR) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Inter & Co. Inc. (NASDAQ:INTR)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $6.89 and traded as low as $4.34. Inter & Co. Inc. shares last traded at $4.68, with a volume of 55,666,627 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on INTR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. UBS Group lifted their target price on Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Zacks Research downgraded shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.80.

Inter & Co. Inc. Trading Down 7.2%

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $6.84. The firm has a market capitalization of $1.81 billion, a P/E ratio of 6.23, a price-to-earnings-growth ratio of 0.36 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. The firm had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. On average, equities research analysts anticipate that Inter & Co. Inc. will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several institutional investors have recently added to or reduced their stakes in INTR. Quantinno Capital Management LP boosted its position in Inter & Co. Inc. by 15.3% during the first quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock worth $134,000 after purchasing an additional 2,230 shares during the period. Sage Investment Counsel LLC increased its stake in shares of Inter & Co. Inc. by 66.7% in the third quarter. Sage Investment Counsel LLC now owns 25,000 shares of the company’s stock worth $134,000 after purchasing an additional 10,000 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Inter & Co. Inc. in the third quarter valued at approximately $82,000. Ramsey Quantitative Systems bought a new stake in shares of Inter & Co. Inc. in the third quarter valued at approximately $91,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Inter & Co. Inc. in the first quarter valued at approximately $182,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

About Inter & Co. Inc.

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter’s platform includes marketplace and shopping services, as well as travel-related offerings.