Inter & Co. Inc. (NASDAQ:INTR) Stock Price Up 6.3% - Time to Buy?

Key Points

• Inter & Co. shares rose 6.3% to about $5.75, although trading volume was 96% below the average daily volume.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $9.16 target price, despite several firms recently lowering targets or downgrading the stock.
• The company slightly exceeded quarterly EPS expectations with $0.19 versus $0.18, but revenue of $475.45 million fell short of the $513.31 million consensus estimate; institutional investors own 22.9% of shares.

Shares of Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) shot up 6.3% during trading on Tuesday . The company traded as high as $5.56 and last traded at $5.7530. 193,652 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 4,616,745 shares. The stock had previously closed at $5.41.

Analysts Set New Price Targets

Several research firms have recently weighed in on INTR. JPMorgan Chase & Co. decreased their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an "overweight" rating for the company in a research note on Tuesday, May 12th. Weiss Ratings cut Inter & Co. Inc. from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 10th. Citigroup downgraded Inter & Co. Inc. from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $12.00 to $6.50 in a report on Monday, May 18th. The Goldman Sachs Group decreased their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Friday, May 8th. 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Inter & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.16.

Inter & Co. Inc. Stock Up 4.2%

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 firm has a market cap of $2.49 billion, a PE ratio of 8.55, a P/E/G ratio of 0.21 and a beta of 0.95. The business's 50-day simple moving average is $5.47 and its 200 day simple moving average is $6.75.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The firm had revenue of $475.45 million during the quarter, compared to analysts' expectations of $513.31 million. As a group, equities research analysts expect that Inter & Co. Inc. will post 0.79 earnings per share for the current year.

Institutional Trading of Inter & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of INTR. Wasatch Advisors LP raised its position in shares of Inter & Co. Inc. by 170.8% in the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company's stock worth $130,466,000 after acquiring an additional 9,704,435 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its position in Inter & Co. Inc. by 1,059.2% during the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company's stock valued at $32,029,000 after purchasing an additional 3,676,696 shares in the last quarter. Marshall Wace LLP grew its stake in Inter & Co. Inc. by 62.7% in the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company's stock valued at $65,588,000 after purchasing an additional 2,981,210 shares during the last quarter. Navi International Administradora e Gestora de Recursos Financeiros Ltda. purchased a new position in Inter & Co. Inc. in the second quarter valued at about $13,267,000. Finally, William Blair Investment Management LLC raised its holdings in Inter & Co. Inc. by 60.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company's stock worth $47,447,000 after purchasing an additional 2,110,861 shares in the last quarter. Institutional investors own 22.90% of the company's stock.

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. 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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