Inter & Co, Inc. (NASDAQ:INTR) Reaches New 12-Month High at $7.21

Inter & Co, Inc. (NASDAQ:INTR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.21 and last traded at $7.14, with a volume of 626561 shares traded. The stock had previously closed at $6.87.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on INTR shares. Itau BBA Securities upgraded Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a report on Tuesday, May 21st. UBS Group lifted their price objective on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Citigroup assumed coverage on shares of Inter & Co, Inc. in a report on Tuesday, June 25th. They set a “buy” rating and a $6.80 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Inter & Co, Inc. presently has a consensus rating of “Buy” and an average price target of $6.96.

Inter & Co, Inc. Stock Performance

The stock’s 50 day moving average price is $6.27 and its 200 day moving average price is $5.89. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 31.30 and a beta of 1.50.

Hedge Funds Weigh In On Inter & Co, Inc.

A number of hedge funds have recently made changes to their positions in the stock. WCM Investment Management LLC acquired a new position in shares of Inter & Co, Inc. in the 1st quarter valued at about $14,762,000. Fourth Sail Capital LP acquired a new position in Inter & Co, Inc. during the first quarter valued at approximately $9,155,000. SPX Gestao de Recursos Ltda grew its stake in Inter & Co, Inc. by 171.0% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company’s stock worth $2,014,000 after buying an additional 228,528 shares during the period. Axxcess Wealth Management LLC acquired a new stake in shares of Inter & Co, Inc. in the fourth quarter worth $550,000. Finally, Virtu Financial LLC purchased a new position in shares of Inter & Co, Inc. in the 1st quarter valued at $346,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

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.