Inter & Co. Inc. (NASDAQ:INTR) Trading 5.4% Higher – Still a Buy?

Inter & Co. Inc. (NASDAQ:INTR) rose 5.4% on Thursday . The stock traded as high as $5.71 and last traded at $5.7770. Approximately 1,556,633 shares changed hands during trading, a decline of 66% from the average daily volume of 4,600,205 shares. The stock had previously closed at $5.48.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on INTR shares. UBS Group decreased their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Citigroup cut shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.16.

Inter & Co. Inc. Stock Down 1.2%

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.52 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.29 and a beta of 0.94. The firm has a 50-day moving average of $5.52 and a two-hundred day moving average of $6.56.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $475.45 million for the quarter, compared to analysts’ expectations of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. On average, equities research analysts forecast that Inter & Co. Inc. will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Inter & Co. Inc.

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC purchased a new position in Inter & Co. Inc. in the first quarter valued at approximately $1,849,000. Wellington Management Group LLP grew its stake in Inter & Co. Inc. by 16.2% during the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock worth $35,147,000 after buying an additional 904,682 shares during the period. William Blair Investment Management LLC grew its stake in Inter & Co. Inc. by 60.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after buying an additional 2,110,861 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new stake in Inter & Co. Inc. during the second quarter worth approximately $13,267,000. Finally, SPX Gestao de Recursos Ltda increased its position in shares of Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after acquiring an additional 3,676,696 shares in the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Company Profile

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.