Brokerages Set Inter & Co. Inc. (NASDAQ:INTR) PT at $9.16

Shares of Inter & Co. Inc. (NASDAQ:INTR) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $9.16.

INTR has been the subject of several research analyst reports. UBS Group cut their price objective on 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. Weiss Ratings lowered Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th.

Inter & Co. Inc. Stock Performance

Shares of Inter & Co. Inc. stock opened at $5.35 on Monday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. 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 company has a 50-day simple moving average of $5.50 and a 200 day simple moving average of $6.43. Inter & Co. Inc. has a 12-month low of $5.04 and a 12-month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 net margin of 11.23% and a return on equity of 14.94%. Research analysts expect that Inter & Co. Inc. will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

Several hedge funds have recently modified their holdings of INTR. WINTON GROUP Ltd acquired a new stake in shares of Inter & Co. Inc. in the second quarter valued at approximately $610,000. Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new stake in shares of Inter & Co. Inc. during the second quarter worth $13,267,000. Headlands Technologies LLC boosted its holdings in Inter & Co. Inc. by 571.4% in the second quarter. Headlands Technologies LLC now owns 216,603 shares of the company’s stock valued at $1,176,000 after acquiring an additional 184,340 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Inter & Co. Inc. by 16.2% in the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock valued at $35,147,000 after acquiring an additional 904,682 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Inter & Co. Inc. in the second quarter worth about $370,000. 22.90% of the stock is owned by institutional investors.

About Inter & Co. Inc.

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.