Inter & Co. Inc. (INTR) – What Are Investment Firms Thinking About This Stock?

Inter & Co. Inc. (NASDAQ:INTR) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.56.

Several equities research analysts have weighed in on INTR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Zacks Research downgraded shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, UBS Group lowered their price target on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in shares of Inter & Co. Inc. during the second quarter valued at approximately $610,000. Navi International Administradora e Gestora de Recursos Financeiros Ltda. bought a new position in Inter & Co. Inc. in the 2nd quarter worth approximately $13,267,000. Headlands Technologies LLC grew its holdings in Inter & Co. Inc. by 571.4% in the 2nd quarter. Headlands Technologies LLC now owns 216,603 shares of the company’s stock worth $1,176,000 after buying an additional 184,340 shares in the last quarter. Wellington Management Group LLP grew its holdings in Inter & Co. Inc. by 16.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock worth $35,147,000 after buying an additional 904,682 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Inter & Co. Inc. in the 2nd quarter valued at approximately $370,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Stock Down 3.7%

Shares of Inter & Co. Inc. stock opened at $7.45 on Friday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.38 and a beta of 0.94. Inter & Co. Inc. has a twelve month low of $4.97 and a twelve month high of $10.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $5.68 and its 200-day simple moving average is $6.17.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. Equities research analysts forecast that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.