Inter & Co. Inc. (NASDAQ:INTR) Shares Up 5.4% – Time to Buy?

Shares of Inter & Co. Inc. (NASDAQ:INTR) were up 5.4% during trading on Thursday . The stock traded as high as $5.71 and last traded at $5.7770. 1,556,633 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 4,600,205 shares. The stock had previously closed at $5.48.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. UBS Group decreased their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Citigroup downgraded Inter & Co. Inc. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $6.50 in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Inter & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $9.16.

Inter & Co. Inc. Price Performance

The company has a market cap of $2.51 billion, a PE ratio of 8.61, a PEG ratio of 0.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $6.59.

Inter & Co. Inc. (NASDAQ:INTR) last issued 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 return on equity of 14.94% and a net margin of 11.23%.The company had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. On average, sell-side analysts predict that Inter & Co. Inc. will post 0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its stake in Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after purchasing an additional 7,264 shares during the last quarter. Barclays PLC purchased a new stake in Inter & Co. Inc. during the 4th quarter valued at approximately $63,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Inter & Co. Inc. during the fourth quarter worth approximately $92,000. State of Wyoming acquired a new stake in shares of Inter & Co. Inc. in the 4th quarter worth $122,000. Finally, Brooklyn Investment Group acquired a new stake in Inter & Co. Inc. in the fourth quarter valued at about $126,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

About Inter & Co. Inc.

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.