Inter & Co. Inc. (NASDAQ:INTR) Stock Price Up 5.4% - Still a Buy?

Key Points

• Inter & Co. shares rose 5.4% to about $5.78, although trading volume was 66% below the stock’s average daily volume.
• Analyst sentiment is mixed but remains a “Moderate Buy,” with three Buy and three Hold ratings and an average price target of $9.16. UBS maintained a Buy rating but cut its target to $8.80, while Citigroup downgraded the stock to Neutral with a $6.50 target.
• The company narrowly beat quarterly EPS expectations, reporting $0.19 versus $0.18 expected, but revenue of $475.45 million fell short of the $513.31 million consensus estimate. Institutional investors own 22.9% of the stock.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) shares rose 5.4% on Thursday . The company traded as high as $5.71 and last traded at $5.7770. 1,556,633 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 4,600,205 shares. The stock had previously closed at $5.48.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. UBS Group dropped their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Weiss Ratings downgraded Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 10th. Citigroup lowered Inter & Co. Inc. from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. Finally, Wall Street Zen cut Inter & Co. Inc. from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.16.

Inter & Co. Inc. Stock Up 3.9%

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 has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.23 and a beta of 0.94. The firm's fifty day simple moving average is $5.51 and its two-hundred day simple moving average is $6.59.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $475.45 million during 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%. Sell-side analysts anticipate that Inter & Co. Inc. will post 0.77 EPS for the current year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of Inter & Co. Inc. by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company's stock valued at $3,303,000 after purchasing an additional 1,303 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Inter & Co. Inc. by 15.3% in the 1st quarter. Quantinno Capital Management LP now owns 16,783 shares of the company's stock valued at $134,000 after buying an additional 2,230 shares during the period. Creative Planning raised its holdings in Inter & Co. Inc. by 10.9% in the 2nd quarter. Creative Planning now owns 43,704 shares of the company's stock valued at $325,000 after buying an additional 4,312 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock valued at $62,000 after buying an additional 7,264 shares during the last quarter. Finally, Barclays PLC acquired a new position in Inter & Co. Inc. in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 22.90% of the company's stock.

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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