Inter & Co. Inc. (NASDAQ:INTR) Shares Climb 6.4% - Here's Why

Key Points

• Inter & Co. shares rose 6.4% to $4.215 in Friday mid-day trading, though volume was 72% below its average.
• Analyst views are mixed: the consensus rating is Hold, with an average price target of $9.30; JPMorgan raised its target to $11 and UBS to $10, both with positive ratings.
• The company reported quarterly earnings of $0.18 per share on $491.26 million in revenue, with an 11.23% net margin and 14.94% return on equity.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) was up 6.4% during mid-day trading on Friday. The stock traded as high as $4.24 and last traded at $4.2150. Approximately 1,647,274 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 5,940,219 shares. The stock had previously closed at $3.96.

Analyst Upgrades and Downgrades

INTR has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. The Goldman Sachs Group set a $9.00 target price on Inter & Co. Inc. in a research report on Thursday, October 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Inter & Co. Inc. in a research note on Tuesday, October 6th. Zacks Research upgraded Inter & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Monday. Finally, UBS Group boosted their price target on Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, October 20th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.30.

Inter & Co. Inc. Price Performance

The stock has a market cap of $1.88 billion, a PE ratio of 6.41, a P/E/G ratio of 0.20 and a beta of 1.01. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $5.55 and its 200-day moving average is $6.58.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings data on Sunday, November 1st. The company reported $0.18 EPS for the quarter. The firm had revenue of $491.26 million for the quarter. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. As a group, sell-side analysts predict that Inter & Co. Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Inter & Co. Inc. during the 3rd quarter worth approximately $26,000. Sanders Morris Harris LLC purchased a new position in shares of Inter & Co. Inc. during the 3rd quarter valued at approximately $82,000. Ramsey Quantitative Systems purchased a new position in shares of Inter & Co. Inc. during the 3rd quarter valued at approximately $91,000. R Squared Ltd boosted its stake in shares of Inter & Co. Inc. by 31.6% during the 3rd quarter. R Squared Ltd now owns 18,435 shares of the company's stock valued at $98,000 after buying an additional 4,426 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Inter & Co. Inc. by 15.3% during the first quarter. Quantinno Capital Management LP now owns 16,783 shares of the company's stock worth $134,000 after buying an additional 2,230 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

About Inter & Co. Inc.

Inter & Co. Inc. is a digital financial services company whose platform is centered on Banco Inter, a Brazilian digital bank. The company offers banking services such as accounts, payments, credit and debit cards, lending, and financial products, including investment and insurance offerings. Its broader digital platform also includes shopping and lifestyle services, as well as tools for customers making international transactions. Inter serves customers primarily in Brazil and has expanded its offerings to include services for clients in the United States.

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