Inter & Co. Inc. (NASDAQ:INTR) Sets New 52-Week High - Time to Buy?

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%.

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

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a "buy" rating and set a $9.20 target price (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 and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Inter & Co. Inc. presently has a consensus rating of "Hold" and a consensus target price of $6.77.

Inter & Co. Inc. Stock Performance

The firm has a fifty day moving average price of $7.67 and a 200 day moving average price of $6.84. 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 stock has a market cap of $3.89 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

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

Hedge Funds Weigh In On Inter & Co. Inc.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in Inter & Co. Inc. by 93.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company's stock worth $170,000 after acquiring an additional 14,971 shares during the last quarter. Northern Trust Corp raised its stake in Inter & Co. Inc. by 198.7% in the 4th quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock worth $5,554,000 after acquiring an additional 875,546 shares during the last quarter. Two Sigma Investments LP raised its stake in Inter & Co. Inc. by 14.9% in the 4th quarter. Two Sigma Investments LP now owns 472,799 shares of the company's stock worth $1,995,000 after acquiring an additional 61,291 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Inter & Co. Inc. by 42.0% in the 1st quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company's stock worth $200,000 after acquiring an additional 10,827 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Inter & Co. Inc. in the 4th quarter worth $93,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

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.