Inter & Co, Inc. (NASDAQ:INTR) Posts Earnings Results, Beats Expectations By $0.01 EPS

Inter & Co, Inc. (NASDAQ:INTR) announced its earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01, Yahoo Finance reports. The firm had revenue of $318.41 million during the quarter, compared to analysts’ expectations of $222.90 million. Inter & Co, Inc. had a return on equity of 2.57% and a net margin of 3.37%. During the same period in the prior year, the firm earned ($0.01) EPS.

Inter & Co, Inc. Stock Up 6.0 %

INTR opened at $5.10 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50 day simple moving average of $4.24 and a 200-day simple moving average of $3.55. The stock has a market capitalization of $2.05 billion, a P/E ratio of 56.67 and a beta of 1.45. Inter & Co, Inc. has a 12 month low of $1.37 and a 12 month high of $5.26.

Analysts Set New Price Targets

INTR has been the subject of a number of research analyst reports. Citigroup raised Inter & Co, Inc. from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.00 to $5.30 in a research report on Wednesday, August 16th. HSBC increased their price objective on Inter & Co, Inc. from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, The Goldman Sachs Group increased their price objective on Inter & Co, Inc. from $5.00 to $5.70 and gave the stock a “buy” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.46.

Institutional Trading of Inter & Co, Inc.

Several hedge funds have recently modified their holdings of INTR. Osaic Holdings Inc. lifted its holdings in shares of Inter & Co, Inc. by 42.4% in the 2nd quarter. Osaic Holdings Inc. now owns 15,184 shares of the company’s stock valued at $48,000 after buying an additional 4,518 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Inter & Co, Inc. in the 2nd quarter valued at approximately $64,000. HighTower Advisors LLC acquired a new stake in shares of Inter & Co, Inc. in the 1st quarter valued at approximately $69,000. Envestnet Asset Management Inc. acquired a new stake in shares of Inter & Co, Inc. in the 1st quarter valued at approximately $100,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Inter & Co, Inc. in the 4th quarter valued at approximately $140,000. 18.91% of the stock is owned by institutional investors and hedge funds.

About Inter & Co, Inc.

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.