Inter & Co. Inc. (NASDAQ:INTR) Sees Large Volume Increase – Here’s Why

Inter & Co. Inc. (NASDAQ:INTR) shares saw unusually-high trading volume on Wednesday. 5,777,965 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 5,596,183 shares. The stock last traded at $4.1250 and had previously closed at $4.43.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. Zacks Research lowered Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. Finally, UBS Group increased their price target on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Inter & Co. Inc. presently has an average rating of “Hold” and an average price target of $9.80.

Inter & Co. Inc. Stock Performance

The company’s 50 day moving average is $5.90 and its 200-day moving average is $6.87. The company has a market capitalization of $1.84 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 0.36 and a beta of 0.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS 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 business had revenue of $475.45 million for the quarter, compared to analysts’ expectations of $513.31 million. Equities analysts anticipate that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP raised its stake in shares of 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 acquiring an additional 2,230 shares during the period. Sage Investment Counsel LLC boosted its position in shares of Inter & Co. Inc. by 66.7% during the 3rd quarter. Sage Investment Counsel LLC now owns 25,000 shares of the company’s stock worth $134,000 after purchasing an additional 10,000 shares during the period. Sanders Morris Harris LLC purchased a new position in shares of Inter & Co. Inc. during the 3rd quarter worth approximately $82,000. Ramsey Quantitative Systems purchased a new position in shares of Inter & Co. Inc. during the 3rd quarter worth approximately $91,000. Finally, Lazard Asset Management LLC acquired a new stake in Inter & Co. Inc. in the 1st quarter valued at approximately $182,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

About Inter & Co. Inc.

Inter & Co Inc is a technology and financial services company that operates the Inter platform, a digital ecosystem serving consumers and businesses primarily in Brazil. Through its digital banking operations, the company offers products and services that may include checking and payment accounts, debit and credit cards, personal and business lending, investments, insurance, and foreign-exchange services.

Beyond banking, Inter’s platform includes marketplace and shopping services, as well as travel-related offerings.