Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $5.28, but opened at $4.41. Inter & Co, Inc. shares last traded at $4.43, with a volume of 944,077 shares changing hands.
Wall Street Analysts Forecast Growth
INTR has been the subject of several analyst reports. UBS Group boosted their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a "buy" rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $7.50 to $8.50 in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $7.56.
Read Our Latest Stock Report on INTR
Inter & Co, Inc. Price Performance
The company has a market capitalization of $2.01 billion, a PE ratio of 13.20 and a beta of 1.52. The company's 50 day moving average price is $6.26 and its 200-day moving average price is $6.49. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.
Institutional Investors Weigh In On Inter & Co, Inc.
Institutional investors have recently added to or reduced their stakes in the company. Atom Investors LP bought a new position in shares of Inter & Co, Inc. during the 3rd quarter valued at about $71,000. Squarepoint Ops LLC boosted its holdings in Inter & Co, Inc. by 46.4% during the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company's stock worth $232,000 after buying an additional 11,949 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Inter & Co, Inc. in the third quarter worth approximately $91,000. Public Employees Retirement System of Ohio bought a new position in shares of Inter & Co, Inc. in the third quarter valued at $103,000. Finally, Walleye Capital LLC acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at $162,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.
About Inter & Co, Inc.
(
Get Free Report)
Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.
Further Reading
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