Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Up – Time to Buy?

Shares of Inter & Co, Inc. (NASDAQ:INTR) gapped up prior to trading on Wednesday . The stock had previously closed at $6.24, but opened at $6.45. Inter & Co, Inc. shares last traded at $6.48, with a volume of 481,298 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on INTR shares. Citigroup began coverage on Inter & Co, Inc. in a research note on Tuesday, June 25th. They set a “buy” rating and a $6.80 price objective on the stock. UBS Group lifted their price objective on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $7.50 to $8.50 in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $7.56.

Inter & Co, Inc. Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.83 billion, a P/E ratio of 28.57 and a beta of 1.50. The stock has a fifty day moving average of $7.00 and a 200-day moving average of $6.32.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Inter & Co, Inc. had a return on equity of 7.85% and a net margin of 8.85%. The firm had revenue of $283.71 million during the quarter, compared to the consensus estimate of $264.62 million. On average, research analysts anticipate that Inter & Co, Inc. will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Inter & Co, Inc.

Several hedge funds have recently modified their holdings of INTR. Bayesian Capital Management LP bought a new position in shares of Inter & Co, Inc. in the first quarter valued at $180,000. Squarepoint Ops LLC grew its position in shares of Inter & Co, Inc. by 46.4% in the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock valued at $232,000 after acquiring an additional 11,949 shares during the period. Virtu Financial LLC bought a new position in shares of Inter & Co, Inc. in the 1st quarter valued at about $346,000. Quadrature Capital Ltd increased its stake in shares of Inter & Co, Inc. by 496.8% during the 4th quarter. Quadrature Capital Ltd now owns 69,518 shares of the company’s stock worth $387,000 after purchasing an additional 57,870 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $603,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Company Profile

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.