Inter & Co, Inc. (NASDAQ:INTR) Sets New 52-Week Low – What’s Next?

Inter & Co, Inc. (NASDAQ:INTR)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.27 and last traded at $4.27, with a volume of 99073 shares. The stock had previously closed at $4.39.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $7.30.

Inter & Co, Inc. Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $5.68 and a 200 day moving average price of $6.30. The firm has a market capitalization of $1.75 billion, a PE ratio of 11.54 and a beta of 1.24.

Hedge Funds Weigh In On Inter & Co, Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of Inter & Co, Inc. by 254.0% during the third quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after purchasing an additional 2,396,448 shares in the last quarter. Millennium Management LLC increased its stake in Inter & Co, Inc. by 70.7% during the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock worth $27,751,000 after buying an additional 1,868,527 shares during the period. Fourth Sail Capital LP acquired a new stake in Inter & Co, Inc. during the 3rd quarter worth approximately $9,313,000. Marshall Wace LLP boosted its position in Inter & Co, Inc. by 152.9% in the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after buying an additional 1,396,317 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Inter & Co, Inc. by 436.9% in the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares in 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, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.