Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Up to $6.52

Inter & Co, Inc. (NASDAQ:INTR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $6.52, but opened at $6.74. Inter & Co, Inc. shares last traded at $6.75, with a volume of 112,740 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on INTR shares. Itau BBA Securities raised shares of Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price target for the company in a research report on Tuesday. The Goldman Sachs Group raised their price target on shares of Inter & Co, Inc. from $5.80 to $6.50 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Citigroup lowered shares of Inter & Co, Inc. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $6.30 to $6.00 in a research report on Friday, February 16th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.80.

Inter & Co, Inc. Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.84 billion, a PE ratio of 28.39 and a beta of 1.47. The firm’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $5.44.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, May 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $332.84 million during the quarter. Inter & Co, Inc. had a net margin of 7.38% and a return on equity of 6.16%. During the same period last year, the firm earned $0.01 earnings per share. As a group, equities research analysts forecast that Inter & Co, Inc. will post 0.38 EPS for the current year.

Inter & Co, Inc. Announces Dividend

The company also recently announced a — dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 16th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, April 15th. Inter & Co, Inc.’s dividend payout ratio (DPR) is 13.04%.

Hedge Funds Weigh In On Inter & Co, Inc.

Several institutional investors have recently made changes to their positions in the company. WCM Investment Management LLC purchased a new stake in Inter & Co, Inc. in the 1st quarter worth $14,762,000. Fourth Sail Capital LP purchased a new stake in Inter & Co, Inc. in the 1st quarter worth $9,155,000. SPX Gestao de Recursos Ltda increased its holdings in Inter & Co, Inc. by 171.0% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company’s stock worth $2,014,000 after acquiring an additional 228,528 shares in the last quarter. Quadrature Capital Ltd increased its holdings in Inter & Co, Inc. by 46.6% in the 1st quarter. Quadrature Capital Ltd now owns 101,888 shares of the company’s stock worth $583,000 after acquiring an additional 32,370 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in Inter & Co, Inc. in the 4th quarter worth $550,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co, Inc. Company Profile

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