Inter & Co. Inc. (NASDAQ:INTR) Downgraded by Weiss Ratings to "Hold (C+)"

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) was downgraded by Weiss Ratings from "buy" to "hold", signaling a shift in analysts' confidence regarding the stock.
• UBS Group reaffirmed a "buy" rating with a new price target of $9.20, indicating optimism despite the downgrade from Weiss Ratings.
• The stock is currently trading down 0.8% and has a market cap of approximately $3.79 billion, reflecting mixed sentiments among investors.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a report issued on Wednesday,Weiss Ratings reports.

Separately, UBS Group reaffirmed a "buy" rating and set a $9.20 price target (up previously from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $6.77.

Inter & Co. Inc. Trading Down 0.8%

NASDAQ INTR opened at $8.63 on Wednesday. The company's 50-day moving average price is $8.40 and its 200-day moving average price is $7.23. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.79 billion, a PE ratio of 19.18, a PEG ratio of 0.43 and a beta of 1.13. Inter & Co. Inc. has a 12 month low of $3.88 and a 12 month high of $9.48.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $365.45 million for the quarter, compared to analysts' expectations of $2.04 billion. Inter & Co. Inc. had a net margin of 12.55% and a return on equity of 11.85%. Equities research analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Inter & Co. Inc.

Several institutional investors have recently bought and sold shares of INTR. SBI Securities Co. Ltd. boosted its position in Inter & Co. Inc. by 1,281.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company's stock valued at $42,000 after acquiring an additional 5,240 shares in the last quarter. Summit Securities Group LLC lifted its stake in shares of Inter & Co. Inc. by 1,375.1% during the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock worth $50,000 after purchasing an additional 8,457 shares during the last quarter. Scotia Capital Inc. purchased a new stake in shares of Inter & Co. Inc. during the 2nd quarter worth $99,000. Entropy Technologies LP purchased a new stake in shares of Inter & Co. Inc. during the 2nd quarter worth $131,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Inter & Co. Inc. during the 2nd quarter worth $136,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co. Inc. Company Profile

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.

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