Inter & Co, Inc. (NASDAQ:INTR) Shares Down 3.4%

Inter & Co, Inc. (NASDAQ:INTR) shares traded down 3.4% on Wednesday . The company traded as low as $5.71 and last traded at $5.73. 178,262 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,409,651 shares. The stock had previously closed at $5.93.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Inter & Co, Inc. from $5.80 to $6.50 and gave the company a “buy” rating in a research note on Friday, February 9th. Citigroup lowered shares of Inter & Co, Inc. from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.30 to $6.00 in a research note on Friday, February 16th.

Inter & Co, Inc. Stock Performance

The firm has a market cap of $2.49 billion, a P/E ratio of 39.53 and a beta of 1.39. The stock’s 50-day moving average price is $5.49 and its 200 day moving average price is $5.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.91 and a quick ratio of 0.92.

Inter & Co, Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $265.06 million for the quarter, compared to the consensus estimate of $269.81 million. Inter & Co, Inc. had a net margin of 5.01% and a return on equity of 4.16%. As a group, equities analysts predict that Inter & Co, Inc. will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Inter & Co, Inc.

Several institutional investors and hedge funds have recently modified their holdings of INTR. Jane Street Group LLC bought a new stake in shares of Inter & Co, Inc. in the second quarter valued at about $349,000. BlackRock Inc. bought a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $9,986,000. HRT Financial LP bought a new stake in shares of Inter & Co, Inc. in the fourth quarter valued at about $142,000. GSA Capital Partners LLP bought a new stake in shares of Inter & Co, Inc. in the fourth quarter valued at about $197,000. Finally, Geode Capital Management LLC boosted its position in shares of Inter & Co, Inc. by 108.7% in the fourth quarter. Geode Capital Management LLC now owns 124,395 shares of the company’s stock valued at $294,000 after acquiring an additional 64,794 shares during the period. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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.