Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $6.19, but opened at $6.39. Inter & Co, Inc. shares last traded at $6.47, with a volume of 101,497 shares.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $7.50 to $8.50 in a research report on Wednesday, October 9th. UBS Group raised their price objective on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a "buy" rating in a report on Friday, August 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $7.56.
View Our Latest Stock Report on Inter & Co, Inc.
Inter & Co, Inc. Trading Up 4.0 %
The company has a fifty day moving average of $6.83 and a 200-day moving average of $6.42. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.43 and a beta of 1.52.
Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Inter & Co, Inc. had a return on equity of 7.85% and a net margin of 8.85%. The firm had revenue of $283.71 million during the quarter, compared to analysts' expectations of $264.62 million. As a group, equities research analysts anticipate that Inter & Co, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Trading of Inter & Co, Inc.
A number of hedge funds have recently bought and sold shares of INTR. Allspring Global Investments Holdings LLC purchased a new stake in shares of Inter & Co, Inc. in the third quarter valued at approximately $91,000. Bayesian Capital Management LP purchased a new stake in Inter & Co, Inc. in the 1st quarter valued at $180,000. Asset Management One Co. Ltd. acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth $199,000. Squarepoint Ops LLC raised its holdings in shares of Inter & Co, Inc. by 46.4% during the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company's stock worth $232,000 after acquiring an additional 11,949 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Inter & Co, Inc. during the 1st quarter valued at about $346,000. Institutional investors and hedge funds own 22.90% of the company's stock.
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.
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