Inter & Co. Inc. (NASDAQ:INTR) Upgraded to Buy at Wall Street Zen

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) was upgraded by Wall Street Zen from a "hold" to a buy in a report released Saturday.
• Analyst views remain mixed — two Buy, two Hold and one Sell lead to an average rating of Hold with an average price target of $9.00.
• The stock opened at $8.02; the company reported quarterly EPS of $0.16 (beating by $0.01) but revenue of $404.31M missed estimates, and the shares trade at a P/E of 14.85 with a $3.53B market cap.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Other equities analysts have also issued research reports about the stock. UBS Group restated a "buy" rating and set a $12.00 price target on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Finally, Itau BBA Securities cut shares of Inter & Co. Inc. from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $11.00 to $10.00 in a research note on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Inter & Co. Inc. has an average rating of "Hold" and an average target price of $9.00.

Inter & Co. Inc. Stock Performance

Shares of Inter & Co. Inc. stock opened at $8.02 on Friday. The business's fifty day simple moving average is $8.84 and its 200 day simple moving average is $8.81. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08. Inter & Co. Inc. has a 12 month low of $4.86 and a 12 month high of $10.36. The firm has a market capitalization of $3.53 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The firm had revenue of $404.31 million during the quarter, compared to the consensus estimate of $441.78 million. As a group, analysts anticipate that Inter & Co. Inc. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Inter & Co. Inc. by 27,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company's stock worth $113,000 after buying an additional 13,240 shares in the last quarter. XTX Topco Ltd boosted its stake in Inter & Co. Inc. by 40.7% during the fourth quarter. XTX Topco Ltd now owns 169,965 shares of the company's stock valued at $1,441,000 after buying an additional 49,145 shares during the period. Voloridge Investment Management LLC grew its position in Inter & Co. Inc. by 36.6% during the fourth quarter. Voloridge Investment Management LLC now owns 897,707 shares of the company's stock worth $7,613,000 after buying an additional 240,693 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. grew its position in Inter & Co. Inc. by 6.0% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,253,452 shares of the company's stock worth $53,029,000 after buying an additional 356,671 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Inter & Co. Inc. by 25.1% in the 4th quarter. Millennium Management LLC now owns 1,741,713 shares of the company's stock worth $14,770,000 after acquiring an additional 349,091 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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. 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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