Inter & Co, Inc. (NASDAQ:INTR) Sees Strong Trading Volume

Inter & Co, Inc. (NASDAQ:INTR – Get Rating) shares saw strong trading volume on Friday . 1,225,736 shares were traded during mid-day trading, an increase of 209% from the previous session’s volume of 396,521 shares.The stock last traded at $2.44 and had previously closed at $2.46.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised Inter & Co, Inc. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $4.60 to $4.20 in a research report on Tuesday, January 31st. Citigroup decreased their price objective on Inter & Co, Inc. from $4.30 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, March 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.33.

Inter & Co, Inc. Stock Performance

The firm has a 50 day moving average of $1.84 and a two-hundred day moving average of $2.09. The stock has a market cap of $1.00 billion and a PE ratio of 123.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.95.

Inter & Co, Inc. (NASDAQ:INTR – Get Rating) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The firm had revenue of $197.14 million during the quarter, compared to analysts’ expectations of $188.98 million. Inter & Co, Inc. had a net margin of 0.56% and a return on equity of 0.41%. Research analysts predict that Inter & Co, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of INTR. BlackRock Inc. acquired a new position in shares of Inter & Co, Inc. in the third quarter valued at approximately $9,986,000. Banco BTG Pactual S.A. lifted its position in shares of Inter & Co, Inc. by 252.1% in the fourth quarter. Banco BTG Pactual S.A. now owns 3,391,026 shares of the company’s stock valued at $8,037,000 after acquiring an additional 2,427,834 shares in the last quarter. Morgan Stanley lifted its position in shares of Inter & Co, Inc. by 396.3% in the fourth quarter. Morgan Stanley now owns 2,384,220 shares of the company’s stock valued at $5,651,000 after acquiring an additional 1,903,796 shares in the last quarter. BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Inter & Co, Inc. in the third quarter valued at $2,089,000. Finally, Atmos Capital Gestao DE Recursos LTDA. lifted its position in Inter & Co, Inc. by 178.7% during the first quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 521,825 shares of the company’s stock worth $887,000 after buying an additional 334,569 shares during the period. Institutional investors and hedge funds own 35.29% of the company’s stock.

About Inter & Co, Inc.

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Inter & Co, Inc, through its subsidiaries, engages in the banking, securities, insurance brokerage, marketplace, asset management, and services businesses. The company's Banking segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.