Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Up – Still a Buy?

Inter & Co, Inc. (NASDAQ:INTR) gapped up prior to trading on Tuesday . The stock had previously closed at $4.22, but opened at $4.38. Inter & Co, Inc. shares last traded at $4.38, with a volume of 238,066 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a research report on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $7.30.

Inter & Co, Inc. Stock Up 4.5 %

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 has a 50 day moving average of $5.13 and a 200 day moving average of $6.17. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.60 and a beta of 1.29.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Inter & Co, Inc. in the third quarter valued at approximately $8,311,000. Geode Capital Management LLC lifted its holdings in Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Inter & Co, Inc. during the 3rd quarter worth approximately $103,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth $180,000. Finally, State Street Corp lifted its holdings in shares of Inter & Co, Inc. by 254.0% in the third quarter. State Street Corp now owns 3,339,841 shares of the company’s stock valued at $22,243,000 after purchasing an additional 2,396,448 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co, Inc.

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.