Inter & Co. Inc. (NASDAQ:INTR) Shares Gap Up After Analyst Upgrade

Shares of Inter & Co. Inc. (NASDAQ:INTR) gapped up prior to trading on Tuesday after UBS Group raised their price target on the stock from $8.80 to $10.00. The stock had previously closed at $6.90, but opened at $7.17. UBS Group currently has a buy rating on the stock. Inter & Co. Inc. shares last traded at $7.2350, with a volume of 602,277 shares changing hands.

INTR has been the topic of several other reports. JPMorgan Chase & Co. boosted their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. Finally, Zacks Research cut shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.80.

Institutional Trading of Inter & Co. Inc.

Hedge funds have recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC purchased a new position in Inter & Co. Inc. in the third quarter valued at about $82,000. Caitong International Asset Management Co. Ltd grew its position in shares of Inter & Co. Inc. by 27,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company’s stock valued at $113,000 after acquiring an additional 13,240 shares during the period. Quantinno Capital Management LP increased its stake in shares of Inter & Co. Inc. by 15.3% during the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock worth $134,000 after purchasing an additional 2,230 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Inter & Co. Inc. during the 1st quarter worth approximately $182,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Inter & Co. Inc. during the 1st quarter worth approximately $192,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Price Performance

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 company has a market cap of $3.18 billion, a P/E ratio of 10.96, a PEG ratio of 0.33 and a beta of 0.94. The business’s fifty day moving average is $5.79 and its 200 day moving average is $6.14.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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 business had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. As a group, sell-side analysts anticipate that Inter & Co. Inc. will post 0.76 EPS for the current year.

About Inter & Co. Inc.

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.