Inter & Co. Inc. (NASDAQ:INTR) Trading Up 6.3% – What’s Next?

Shares of Inter & Co. Inc. (NASDAQ:INTR) shot up 6.3% during trading on Tuesday . The company traded as high as $5.56 and last traded at $5.7530. 193,652 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 4,616,745 shares. The stock had previously closed at $5.41.

Analyst Ratings Changes

A number of research analysts have recently commented on INTR shares. Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $12.00 to $6.50 in a research report on Monday, May 18th. The Goldman Sachs Group cut their target price on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. UBS Group lowered their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Inter & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $9.16.

Inter & Co. Inc. Price Performance

The company has a 50 day moving average of $5.49 and a 200-day moving average of $6.70. The firm has a market capitalization of $2.59 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.23 and a beta of 0.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 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 firm had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. On average, sell-side analysts predict that Inter & Co. Inc. will post 0.77 EPS for the current year.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of hedge funds have recently bought and sold shares of INTR. Pictet Asset Management Holding SA boosted its holdings 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 purchasing an additional 67,723 shares during the period. WIM INVESTMENT MANAGEMENT Ltd raised its position in shares of Inter & Co. Inc. by 41.3% in the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 1,386,400 shares of the company’s stock valued at $11,757,000 after buying an additional 405,000 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Inter & Co. Inc. in the first quarter valued at approximately $1,849,000. SPX Gestao de Recursos Ltda boosted its stake 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 valued at $32,029,000 after buying an additional 3,676,696 shares during the period. Finally, William Blair Investment Management LLC boosted its stake 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 buying an additional 2,110,861 shares during the period. 22.90% of the stock is owned by institutional investors.

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.