Inter & Co. Inc. (NASDAQ:INTR) Sees Large Volume Increase - Should You Buy?

Key Points

• Inter & Co.’s trading volume surged 86% to 8.53 million shares, while the stock traded near $5.29. The company has a market capitalization of approximately $2.37 billion and trades at a P/E ratio of 8.14.
• Analyst sentiment remains mixed but leans positive, with three Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $9.28. However, several firms recently cut their price targets, including Citigroup’s reduction to $6.50 and UBS’s to $9.40.
• The company slightly beat quarterly EPS expectations, reporting $0.19 versus the $0.18 consensus, but revenue of $475.45 million fell short of the $513.31 million estimate. Institutional investors own 22.9% of the stock, while analysts expect full-year EPS of $0.79.

Shares of Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) saw an uptick in trading volume on Monday . 8,533,900 shares changed hands during mid-day trading, an increase of 86% from the previous session's volume of 4,593,088 shares.The stock last traded at $5.2850 and had previously closed at $5.27.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group lowered their price objective on Inter & Co. Inc. from $10.40 to $9.40 and set a "buy" rating for the company in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an "overweight" rating for the company in a report on Tuesday, May 12th. Citigroup lowered Inter & Co. Inc. from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Weiss Ratings downgraded shares of Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 10th. Finally, Wall Street Zen lowered shares of Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Inter & Co. Inc. has an average rating of "Moderate Buy" and an average target price of $9.28.

Inter & Co. Inc. Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $2.37 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95. The business has a 50 day moving average price of $5.59 and a two-hundred day moving average price of $7.19.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%.The company had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. On average, sell-side analysts anticipate that Inter & Co. Inc. will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Inter & Co. Inc. by 15,133.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock valued at $62,000 after purchasing an additional 7,264 shares during the last quarter. Barclays PLC purchased a new position in Inter & Co. Inc. during the fourth quarter valued at $63,000. Fideuram Asset Management Ireland dac bought a new stake in Inter & Co. Inc. in the fourth quarter worth $92,000. State of Wyoming purchased a new stake in shares of Inter & Co. Inc. in the fourth quarter worth $122,000. Finally, SG Americas Securities LLC bought a new position in shares of Inter & Co. Inc. during the fourth quarter valued at $123,000. 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. 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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