Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Down to $5.97

Inter & Co, Inc. (NASDAQ:INTR) gapped down before the market opened on Tuesday . The stock had previously closed at $5.97, but opened at $5.85. Inter & Co, Inc. shares last traded at $5.90, with a volume of 61,305 shares traded.

Analysts Set New Price Targets

INTR has been the subject of several recent analyst reports. Citigroup initiated coverage on Inter & Co, Inc. in a report on Tuesday, June 25th. They issued a “buy” rating and a $6.80 price target for the company. Itau BBA Securities raised shares of Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a research report on Tuesday, May 21st.

Inter & Co, Inc. Stock Performance

The stock has a market cap of $2.60 billion, a PE ratio of 26.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day simple moving average of $5.89 and a 200-day simple moving average of $5.62.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $332.84 million for the quarter. Inter & Co, Inc. had a return on equity of 6.16% and a net margin of 7.38%. During the same period in the prior year, the firm earned $0.01 earnings per share. Equities analysts predict that Inter & Co, Inc. will post 0.38 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 16th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, April 15th. Inter & Co, Inc.’s payout ratio is currently 13.04%.

Hedge Funds Weigh In On Inter & Co, Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in INTR. Quadrature Capital Ltd acquired a new stake in Inter & Co, Inc. in the 3rd quarter valued at $47,000. Bayesian Capital Management LP acquired a new stake in shares of Inter & Co, Inc. in the first quarter valued at about $180,000. Jump Financial LLC raised its holdings in shares of Inter & Co, Inc. by 301.9% during the 4th quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock valued at $232,000 after buying an additional 31,400 shares during the period. Virtu Financial LLC purchased a new stake in shares of Inter & Co, Inc. during the 1st quarter valued at about $346,000. Finally, Axxcess Wealth Management LLC acquired a new position in Inter & Co, Inc. during the 4th quarter worth approximately $550,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co, Inc.

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.