Inter & Co. Inc. (NASDAQ:INTR) Sees Strong Trading Volume – What’s Next?

Shares of Inter & Co. Inc. (NASDAQ:INTR) saw strong trading volume on Monday . 8,533,900 shares traded hands during trading, an increase of 86% from the previous session’s volume of 4,593,088 shares.The stock last traded at $5.2850 and had previously closed at $5.27.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective 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. Weiss Ratings downgraded Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. lowered their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $6.50 in a report on Monday, May 18th. Finally, Wall Street Zen downgraded Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Inter & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $9.16.

Inter & Co. Inc. Stock Down 2.8%

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $7.14. The stock has a market capitalization of $2.29 billion, a P/E ratio of 7.88, a PEG ratio of 0.21 and a beta of 0.95.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. Equities research analysts forecast that Inter & Co. Inc. will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Pictet Asset Management Holding SA increased its position in Inter & Co. Inc. by 88.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 143,882 shares of the company’s stock valued at $1,220,000 after acquiring an additional 67,723 shares in the last quarter. Fundamenta Capital S.A. acquired a new position in shares of Inter & Co. Inc. during the fourth quarter worth approximately $7,047,000. WIM INVESTMENT MANAGEMENT Ltd grew its stake in shares of Inter & Co. Inc. by 41.3% during the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 1,386,400 shares of the company’s stock valued at $11,757,000 after purchasing an additional 405,000 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Inter & Co. Inc. by 60.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after purchasing an additional 2,110,861 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Inter & Co. Inc. in the first quarter valued at approximately $1,849,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Company Profile

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.