Inter & Co. Inc. (NASDAQ:INTR) Shares Gap Down - Time to Sell?

Key Points

• Inter & Co. Inc. shares gapped down, opening at $7.86 after closing at $8.20, and last traded at $7.84.
• UBS Group reissued a "buy" rating, raising the target price to $9.20, while analysts currently have a consensus rating of "Hold" with a target price of $6.77.
• The company reported earnings of $0.13 per share for the last quarter, surpassing expectations, but with revenue of $365.45 million falling short of a forecasted $2.04 billion.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $8.20, but opened at $7.86. Inter & Co. Inc. shares last traded at $7.84, with a volume of 446,824 shares trading hands.

Analyst Upgrades and Downgrades

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

Inter & Co. Inc. Stock Performance

The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.39 and a beta of 1.12. The stock has a 50-day moving average price of $7.26 and a 200-day moving average price of $6.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $365.45 million during the quarter, compared to analysts' expectations of $2.04 billion. As a group, analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Inter & Co. Inc. by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company's stock worth $3,303,000 after purchasing an additional 1,303 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Inter & Co. Inc. by 6.4% during the 4th quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock worth $207,000 after purchasing an additional 2,961 shares during the last quarter. Creative Planning lifted its holdings in Inter & Co. Inc. by 10.9% during the 2nd quarter. Creative Planning now owns 43,704 shares of the company's stock worth $325,000 after purchasing an additional 4,312 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings 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 worth $42,000 after purchasing an additional 5,240 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Inter & Co. Inc. by 79.8% during the 4th 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 last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

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.