Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Down – Here’s Why

Inter & Co, Inc. (NASDAQ:INTR) shares gapped down before the market opened on Monday . The stock had previously closed at $4.36, but opened at $4.26. Inter & Co, Inc. shares last traded at $4.20, with a volume of 409,786 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price target on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $7.30.

Inter & Co, Inc. Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.83 billion, a PE ratio of 12.03 and a beta of 1.24. The stock has a 50-day moving average of $5.59 and a 200 day moving average of $6.29.

Hedge Funds Weigh In On Inter & Co, Inc.

Several large investors have recently made changes to their positions in INTR. Citigroup Inc. grew its position in shares of Inter & Co, Inc. by 4,711.6% during the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after acquiring an additional 1,039,232 shares during the period. Public Sector Pension Investment Board purchased a new stake in Inter & Co, Inc. during the 3rd quarter worth approximately $1,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Inter & Co, Inc. in the 3rd quarter valued at $4,874,000. Van ECK Associates Corp purchased a new stake in shares of Inter & Co, Inc. during the third quarter worth $741,000. Finally, Handelsbanken Fonder AB purchased a new stake in Inter & Co, Inc. during the 3rd quarter valued at about $603,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

About Inter & Co, Inc.

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.