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

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) recently reached a new 52-week high of $8.84, with its last trading price at $8.80 and a volume of over 2 million shares.
• UBS Group has raised its price target on Inter & Co. Inc. shares to $9.20, indicating a positive outlook from analysts, although the average rating remains at "Hold."
• Recently, institutional investors have significantly increased their stakes in the company, with SBI Securities Co. Ltd. raising its shareholding by an astonishing 1,281.2%.

Shares of Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $8.84 and last traded at $8.80, with a volume of 2025796 shares. The stock had previously closed at $8.76.

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 issued a Sell rating to the stock. According to MarketBeat, Inter & Co. Inc. has an average rating of "Hold" and an average price target of $6.77.

Inter & Co. Inc. Trading Up 0.5%

The stock has a market cap of $3.87 billion, a P/E ratio of 19.56, a PEG ratio of 0.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89. The business's 50 day simple moving average is $7.55 and its 200 day simple moving average is $6.75.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced 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 during 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%. On average, analysts expect that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its stake in Inter & Co. Inc. by 1,281.2% during the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company's stock worth $42,000 after purchasing an additional 5,240 shares during the period. Summit Securities Group LLC lifted its stake in Inter & Co. Inc. by 1,375.1% during the first 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 period. D. E. Shaw & Co. Inc. bought a new position in Inter & Co. Inc. during the fourth quarter worth about $60,000. Voya Investment Management LLC lifted its stake in Inter & Co. Inc. by 79.8% during the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock worth $78,000 after purchasing an additional 8,230 shares during the period. Finally, Two Sigma Advisers LP bought a new position in Inter & Co. Inc. during the fourth quarter worth about $93,000. 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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