Inter & Co. Inc. (NASDAQ:INTR) Sees Unusually-High Trading Volume – Should You Buy?

Inter & Co. Inc. (NASDAQ:INTRGet Free Report) saw an uptick in trading volume on Monday . 8,533,900 shares traded hands during trading, an increase of 86% from the previous session’s volume of 4,593,088 shares.The stock last traded at $5.2850 and had previously closed at $5.27.

Analysts Set New Price Targets

Several brokerages have issued reports on INTR. Citigroup cut shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Wall Street Zen downgraded shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. UBS Group decreased their price objective on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings cut Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their target price on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.28.

Check Out Our Latest Report on INTR

Inter & Co. Inc. Stock Performance

The business’s fifty day moving average is $5.59 and its 200-day moving average is $7.19. 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 market cap of $2.37 billion, a PE ratio of 8.14, a P/E/G ratio of 0.21 and a beta of 0.95.

Inter & Co. Inc. (NASDAQ:INTRGet Free Report) last released its quarterly earnings results 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. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The business had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. As a group, research analysts predict that Inter & Co. Inc. will post 0.79 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of INTR. Wasatch Advisors LP grew its position in shares of Inter & Co. Inc. by 170.8% during the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after purchasing an additional 9,704,435 shares in the last quarter. Samlyn Capital LLC grew its holdings in Inter & Co. Inc. by 19.9% during the 3rd quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock valued at $78,600,000 after purchasing an additional 1,415,601 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Inter & Co. Inc. by 62.7% during the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after acquiring an additional 2,981,210 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. boosted its stake in shares of Inter & Co. Inc. by 1.1% during the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock valued at $50,315,000 after purchasing an additional 67,500 shares during the period. Finally, William Blair Investment Management LLC increased its position in shares of Inter & Co. Inc. by 60.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after acquiring an additional 2,110,861 shares during the period. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co. Inc. Company Profile

(Get Free Report)

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.

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