Inter & Co. Inc. (NASDAQ:INTR) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Inter & Co. Inc. (NASDAQ:INTR) from a Buy to a Hold in a report released Saturday.
• Analyst coverage is mixed but leans positive—two Buy and two Hold ratings yield a consensus of “Moderate Buy” with a $10.67 price target.
• Inter & Co. slightly beat EPS estimates ($0.16 vs. $0.15) but missed revenue ($404.31M vs. $441.78M); the stock traded near $7.71, with a 52‑week range of $4.86–$10.36.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

INTR has been the subject of several other reports. UBS Group reissued a "buy" rating and set a $12.00 price target on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.67.

Inter & Co. Inc. Stock Performance

Shares of NASDAQ:INTR opened at $7.71 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. The business's fifty day moving average price is $8.73 and its two-hundred day moving average price is $8.80. Inter & Co. Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $10.36. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The company had revenue of $404.31 million during the quarter, compared to analysts' expectations of $441.78 million. As a group, analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in Inter & Co. Inc. during the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock worth $62,000 after acquiring an additional 7,264 shares during the last quarter. Barclays PLC bought a new position in shares of Inter & Co. Inc. in the fourth quarter worth about $63,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Inter & Co. Inc. during the fourth quarter worth approximately $92,000. Finally, Scotia Capital Inc. acquired a new position in shares of Inter & Co. Inc. during the second quarter worth approximately $99,000. 22.90% of the stock is owned by institutional investors.

About Inter & Co. Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.

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