Inter & Co. Inc. (NASDAQ:INTR) Raised to “Buy” at Wall Street Zen

Inter & Co. Inc. (NASDAQ:INTR) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research analysts have also recently commented on INTR. Itau BBA Securities cut shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $11.00 to $10.00 in a report on Wednesday, November 19th. UBS Group reiterated a “buy” rating and issued a $12.00 price target on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.00.

Inter & Co. Inc. Trading Down 2.7%

INTR stock opened at $8.02 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89. The company’s 50-day simple moving average is $8.84 and its 200 day simple moving average is $8.83. Inter & Co. Inc. has a 52 week low of $4.86 and a 52 week high of $10.36. The company has a market capitalization of $3.53 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.34 and a beta of 1.18.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $404.31 million for the quarter, compared to analyst estimates of $441.78 million. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. As a group, sell-side analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Inter & Co. Inc. by 27,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company’s stock worth $113,000 after acquiring an additional 13,240 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Inter & Co. Inc. by 40.7% during the 4th quarter. XTX Topco Ltd now owns 169,965 shares of the company’s stock valued at $1,441,000 after purchasing an additional 49,145 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Inter & Co. Inc. by 36.6% during the 4th quarter. Voloridge Investment Management LLC now owns 897,707 shares of the company’s stock valued at $7,613,000 after purchasing an additional 240,693 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its position in Inter & Co. Inc. by 6.0% during the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,253,452 shares of the company’s stock worth $53,029,000 after purchasing an additional 356,671 shares in the last quarter. Finally, Millennium Management LLC increased its position in Inter & Co. Inc. by 25.1% during the 4th quarter. Millennium Management LLC now owns 1,741,713 shares of the company’s stock worth $14,770,000 after purchasing an additional 349,091 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

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.