Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Down to $7.19

Inter & Co, Inc. (NASDAQ:INTR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $7.19, but opened at $7.00. Inter & Co, Inc. shares last traded at $6.94, with a volume of 149,870 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Itau BBA Securities raised shares of Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a report on Tuesday, May 21st. Citigroup began coverage on Inter & Co, Inc. in a report on Tuesday, June 25th. They issued a “buy” rating and a $6.80 price target on the stock. Finally, UBS Group boosted their target price on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 9th.

Inter & Co, Inc. Stock Performance

The company has a market capitalization of $3.09 billion, a PE ratio of 30.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day simple moving average is $6.93 and its 200-day simple moving average is $6.20.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of INTR. Bayesian Capital Management LP acquired a new position in Inter & Co, Inc. during the first quarter worth approximately $180,000. Jump Financial LLC raised its position in shares of Inter & Co, Inc. by 301.9% in the 4th quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock worth $232,000 after buying an additional 31,400 shares during the period. Squarepoint Ops LLC boosted its holdings in Inter & Co, Inc. by 46.4% in the second 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 last quarter. Virtu Financial LLC purchased a new stake in Inter & Co, Inc. during the first quarter valued at about $346,000. Finally, Quadrature Capital Ltd increased its stake in Inter & Co, Inc. by 496.8% during the fourth quarter. Quadrature Capital Ltd now owns 69,518 shares of the company’s stock worth $387,000 after acquiring an additional 57,870 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.