Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Down – Here’s What Happened

Shares of Inter & Co, Inc. (NASDAQ:INTR) gapped down before the market opened on Thursday . The stock had previously closed at $4.74, but opened at $4.60. Inter & Co, Inc. shares last traded at $4.57, with a volume of 302,149 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their target price on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research report on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Inter & Co, Inc. presently has an average rating of “Buy” and a consensus price target of $7.30.

Inter & Co, Inc. Trading Up 2.7 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50-day moving average is $5.88 and its 200 day moving average is $6.37. The firm has a market capitalization of $2.01 billion, a P/E ratio of 13.23 and a beta of 1.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INTR. Atom Investors LP bought a new stake in Inter & Co, Inc. during the third quarter worth $71,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $91,000. Public Employees Retirement System of Ohio acquired a new stake in Inter & Co, Inc. in the third quarter valued at about $103,000. Walleye Capital LLC acquired a new stake in Inter & Co, Inc. in the third quarter valued at about $162,000. Finally, The Manufacturers Life Insurance Company bought a new position in Inter & Co, Inc. in the third quarter valued at about $163,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

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.