Inter & Co, Inc. (NASDAQ:INTR) Price Target Cut to $7.10 by Analysts at JPMorgan Chase & Co.

Inter & Co, Inc. (NASDAQ:INTR) had its price target cut by JPMorgan Chase & Co. from $7.20 to $7.10 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Inter & Co, Inc. Stock Up 0.6 %

INTR stock opened at $4.97 on Friday. The stock has a 50-day simple moving average of $4.63 and a two-hundred day simple moving average of $6.03. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The firm has a market capitalization of $2.16 billion, a PE ratio of 14.20 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.

Institutional Trading of Inter & Co, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the company. Atom Investors LP purchased a new position in Inter & Co, Inc. during the third quarter worth about $71,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at $91,000. Public Employees Retirement System of Ohio purchased a new stake in Inter & Co, Inc. during the third quarter valued at about $103,000. FNY Investment Advisers LLC purchased a new position in shares of Inter & Co, Inc. in the 4th quarter worth about $105,000. Finally, Walleye Capital LLC bought a new position in shares of Inter & Co, Inc. during the 3rd quarter valued at about $162,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.