Inter & Co. Inc. (NASDAQ:INTR) Raised to “Hold” at Zacks Research

Inter & Co. Inc. (NASDAQ:INTR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. UBS Group raised their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. The Goldman Sachs Group set a $9.00 price objective on shares of Inter & Co. Inc. in a research report on Thursday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.30.

Inter & Co. Inc. Trading Down 1.0%

Shares of INTR stock opened at $3.96 on Monday. The stock has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $6.64. Inter & Co. Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $10.36. The stock has a market capitalization of $1.75 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.20 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On Inter & Co. Inc.

Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in shares of 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 acquiring an additional 904,682 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. lifted its holdings in shares of Inter & Co. Inc. by 1.1% during the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock valued at $50,315,000 after purchasing an additional 67,500 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in shares of Inter & Co. Inc. by 1,059.2% during the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after purchasing an additional 3,676,696 shares during the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new stake in shares of Inter & Co. Inc. during the second quarter valued at $13,267,000. Finally, Bank of America Corp DE boosted its position in shares of Inter & Co. Inc. by 84.3% in the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock valued at $11,849,000 after purchasing an additional 680,958 shares during the period. 22.90% of the stock is owned by institutional investors.

Inter & Co. Inc. Company Profile

Inter & Co. Inc. is a digital financial services company whose platform is centered on Banco Inter, a Brazilian digital bank. The company offers banking services such as accounts, payments, credit and debit cards, lending, and financial products, including investment and insurance offerings. Its broader digital platform also includes shopping and lifestyle services, as well as tools for customers making international transactions. Inter serves customers primarily in Brazil and has expanded its offerings to include services for clients in the United States.