Inter & Co. Inc. (NASDAQ:INTR) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Inter & Co. from “strong sell” to “hold.”
• Analyst sentiment is mixed: three analysts rate the stock Buy and four Hold, with a consensus price target of $9.30. JPMorgan raised its target to $11, while UBS lifted its target to $10.
• Shares opened Monday at $3.96, near the stock’s 52-week low of $3.75 and well below its 52-week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday, Zacks reports.

Several other equities analysts also recently weighed in on INTR. The Goldman Sachs Group set a $9.00 price target on Inter & Co. Inc. in a research report on Thursday, October 29th. JPMorgan Chase & Co. upped their price objective on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. UBS Group increased their price objective on Inter & Co. Inc. from $8.80 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, October 20th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.30.

Inter & Co. Inc. Trading Down 1.0%

Shares of Inter & Co. Inc. stock opened at $3.96 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. Inter & Co. Inc. has a 1 year low of $3.75 and a 1 year high of $10.36. The company has a market capitalization of $1.75 billion, a P/E ratio of 6.06, a P/E/G ratio of 0.20 and a beta of 1.01. The business has a 50 day moving average price of $5.62 and a 200 day moving average price of $6.64.

Institutional Trading of Inter & Co. Inc.

Hedge funds have recently bought and sold shares of the company. SPX Gestao de Recursos Ltda grew its stake in Inter & Co. Inc. by 1,059.2% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company's stock worth $32,029,000 after acquiring an additional 3,676,696 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in shares of Inter & Co. Inc. during the 2nd quarter worth $13,267,000. Wellington Management Group LLP lifted its stake in shares of Inter & Co. Inc. by 16.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company's stock worth $35,147,000 after purchasing an additional 904,682 shares during the period. Bank of America Corp DE lifted its stake in shares of Inter & Co. Inc. by 84.3% during the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company's stock worth $11,849,000 after purchasing an additional 680,958 shares during the period. Finally, ABS Direct Equity Fund LLC acquired a new stake in shares of Inter & Co. Inc. during the first quarter worth $4,630,000. Institutional investors and hedge funds own 22.90% of the company's stock.

About Inter & Co. Inc.

Inter & Co. Inc. is a digital financial services company whose platform is centered on Banco Inter, a Brazilian digital bank. The company offers banking services such as accounts, payments, credit and debit cards, lending, and financial products, including investment and insurance offerings. Its broader digital platform also includes shopping and lifestyle services, as well as tools for customers making international transactions. Inter serves customers primarily in Brazil and has expanded its offerings to include services for clients in the United States.

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