Inter & Co. Inc. (NASDAQ:INTR) Trading 6.3% Higher – What’s Next?

Inter & Co. Inc. (NASDAQ:INTR)’s share price traded up 6.3% during mid-day trading on Tuesday . The company traded as high as $5.56 and last traded at $5.7530. 193,652 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 4,616,745 shares. The stock had previously closed at $5.41.

Analyst Upgrades and Downgrades

INTR has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. JPMorgan Chase & Co. reduced their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. UBS Group decreased their price objective on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.16.

Inter & Co. Inc. Trading Up 4.2%

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 stock has a market cap of $2.49 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.21 and a beta of 0.95. The company’s fifty day moving average price is $5.47 and its 200-day moving average price is $6.75.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company 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 14.94%. On average, research analysts expect that Inter & Co. Inc. will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of Inter & Co. Inc. by 15,133.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after buying an additional 7,264 shares during the last quarter. Barclays PLC purchased a new position in Inter & Co. Inc. in the 4th quarter worth $63,000. Fideuram Asset Management Ireland dac purchased a new position in Inter & Co. Inc. in the 4th quarter worth $92,000. State of Wyoming acquired a new stake in Inter & Co. Inc. during the 4th quarter worth about $122,000. Finally, Brooklyn Investment Group acquired a new stake in Inter & Co. Inc. during the 4th quarter worth about $126,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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.