Inter & Co. Inc. (NASDAQ:INTR) Shares Gap Up – Here’s What Happened

Inter & Co. Inc. (NASDAQ:INTR – Get Free Report)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $5.48, but opened at $6.51. Inter & Co. Inc. shares last traded at $6.7470, with a volume of 5,684,501 shares traded.

Wall Street Analyst Weigh In

INTR has been the subject of several research reports. UBS Group dropped their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Weiss Ratings lowered shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.56.

Get Our Latest Stock Report on Inter & Co. Inc.

Inter & Co. Inc. Price Performance

The firm has a market capitalization of $3.10 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.33 and a beta of 0.94. The stock’s 50 day simple moving average is $5.49 and its two-hundred day simple moving average is $6.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90.

Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. On average, sell-side analysts forecast that Inter & Co. Inc. will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of hedge funds have recently modified their holdings of INTR. Caitong International Asset Management Co. Ltd increased its position in Inter & Co. Inc. by 27,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company’s stock worth $113,000 after purchasing an additional 13,240 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Inter & Co. Inc. by 15.3% in the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock valued at $134,000 after buying an additional 2,230 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Inter & Co. Inc. in the 1st quarter valued at approximately $182,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter worth approximately $192,000. Finally, Entropy Technologies LP acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter worth approximately $214,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Company Profile

(Get Free Report)

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.

Further Reading

Receive News & Ratings for Inter & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.