Inter & Co. Inc. (NASDAQ:INTR) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Inter & Co. shares experienced elevated trading activity, with approximately 5.78 million shares changing hands—3% above average volume—while the stock fell to $4.125 from a prior close of $4.43.
• Analyst sentiment is mixed: three analysts rate the stock Buy, three Hold, and one Sell. The consensus rating is Hold, with an average price target of $9.80; JPMorgan and UBS recently raised their targets.
• The company’s latest quarterly earnings slightly exceeded expectations, reporting $0.19 EPS versus a $0.18 estimate, although revenue of $475.45 million came in below the $513.31 million consensus forecast.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) shares saw an uptick in trading volume on Wednesday. Approximately 5,777,965 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 5,596,183 shares. The stock last traded at $4.1250 and had previously closed at $4.43.

Wall Street Analysts Forecast Growth

INTR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. JPMorgan Chase & Co. raised their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 6th. UBS Group lifted their price target on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, October 20th. Finally, Zacks Research lowered Inter & Co. Inc. from a "hold" rating to a "strong sell" rating in a report on Friday, October 9th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.80.

Inter & Co. Inc. Stock Performance

The company has a market capitalization of $1.84 billion, a PE ratio of 6.37, a PEG ratio of 0.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50 day moving average of $5.90 and a two-hundred day moving average of $6.87.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $475.45 million for the quarter, compared to analysts' expectations of $513.31 million. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. As a group, equities research analysts predict that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sage Investment Counsel LLC raised its stake in Inter & Co. Inc. by 66.7% in the 3rd quarter. Sage Investment Counsel LLC now owns 25,000 shares of the company's stock valued at $134,000 after purchasing an additional 10,000 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Inter & Co. Inc. in the 3rd quarter valued at about $179,000. Ramsey Quantitative Systems acquired a new position in shares of Inter & Co. Inc. during the third quarter valued at $91,000. Sanders Morris Harris LLC bought a new position in Inter & Co. Inc. in the 3rd quarter worth about $82,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Inter & Co. Inc. during the second quarter valued at about $610,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Company Profile

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter's platform includes marketplace and shopping services, as well as travel-related offerings.

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