Inter & Co. Inc. (NASDAQ:INTR) Hits New 12-Month High - Here's What Happened

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) reached a new 12-month high of $9.53 and last traded at $9.16, with a trading volume of 2006 shares.
• UBS Group upgraded its rating on Inter & Co. Inc. to a "buy" and set a new target price of $9.20, reflecting positive analyst sentiment.
• The company reported earnings of $0.13 per share for the last quarter, exceeding forecasts, although revenue fell short of expectations at $365.45 million against an anticipated $2.04 billion.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $9.53 and last traded at $9.16, with a volume of 2006 shares trading hands. The stock had previously closed at $9.00.

Analysts Set New Price Targets

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

Inter & Co. Inc. Stock Up 2.6%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $4.06 billion, a PE ratio of 20.52, a PEG ratio of 0.43 and a beta of 1.13. The company's 50 day simple moving average is $7.87 and its 200-day simple moving average is $6.97.

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

Institutional Trading of Inter & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. grew its holdings in shares of 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 purchasing an additional 5,240 shares during the last quarter. Summit Securities Group LLC grew its holdings 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 valued at $50,000 after purchasing an additional 8,457 shares during the last quarter. Scotia Capital Inc. bought a new position in shares of Inter & Co. Inc. during the 2nd quarter valued at $99,000. D. E. Shaw & Co. Inc. bought a new position in shares of Inter & Co. Inc. during the 4th quarter valued at $60,000. Finally, Entropy Technologies LP bought a new position in shares of Inter & Co. Inc. during the 2nd quarter valued at $131,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

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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