Inter & Co. Inc. (NASDAQ:INTR) Shares Gap Down – Here’s Why

Inter & Co. Inc. (NASDAQ:INTR) shares gapped down prior to trading on Tuesday. The stock had previously closed at $7.74, but opened at $7.38. Inter & Co. Inc. shares last traded at $7.5540, with a volume of 2,156,786 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INTR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. UBS Group lowered their price objective on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a research report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. Finally, Zacks Research lowered shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.56.

Inter & Co. Inc. Stock Performance

The company has a market cap of $3.08 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day moving average of $5.71 and a two-hundred day moving average of $6.16.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $475.45 million during 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%. Equities research analysts anticipate that Inter & Co. Inc. will post 0.76 EPS for the current year.

Institutional Trading of Inter & Co. Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in INTR. Sanders Morris Harris LLC acquired a new position in Inter & Co. Inc. in the 3rd quarter valued at approximately $82,000. WINTON GROUP Ltd bought a new position in shares of Inter & Co. Inc. during the second quarter valued at $610,000. Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new position in shares of Inter & Co. Inc. during the second quarter valued at $13,267,000. Headlands Technologies LLC lifted its holdings in shares of Inter & Co. Inc. by 571.4% during the second quarter. Headlands Technologies LLC now owns 216,603 shares of the company’s stock worth $1,176,000 after purchasing an additional 184,340 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 904,682 shares during the period. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.