Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Up - Still a Buy?

Shares of Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $4.04, but opened at $4.14. Inter & Co, Inc. shares last traded at $4.16, with a volume of 76,215 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an "overweight" rating on the stock in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Inter & Co, Inc. has a consensus rating of "Buy" and an average price target of $7.30.

Inter & Co, Inc. Stock Up 7.9 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 12.46 and a beta of 1.24. The firm has a 50-day moving average price of $5.64 and a two-hundred day moving average price of $6.29.

Hedge Funds Weigh In On Inter & Co, Inc.

Several hedge funds have recently made changes to their positions in INTR. Samlyn Capital LLC lifted its position in shares of Inter & Co, Inc. by 4.1% in the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company's stock worth $30,713,000 after purchasing an additional 196,355 shares in the last quarter. Millennium Management LLC grew its position in Inter & Co, Inc. by 70.7% in the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company's stock valued at $27,751,000 after purchasing an additional 1,868,527 shares in the last quarter. State Street Corp increased its stake in Inter & Co, Inc. by 254.0% in the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company's stock valued at $22,243,000 after buying an additional 2,396,448 shares during the last quarter. Marshall Wace LLP lifted its position in Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company's stock worth $14,203,000 after buying an additional 1,396,317 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock worth $11,060,000 after buying an additional 1,361,258 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Company Profile

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.