Inter & Co. Inc. (NASDAQ:INTR) Stock Jumps 6.8% – What’s Next?

Inter & Co. Inc. (NASDAQ:INTR) shares rose 6.8% during mid-day trading on Tuesday. The company traded as high as $6.99 and last traded at $7.0050. Approximately 4,192,553 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 4,748,810 shares. The stock had previously closed at $6.56.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 10th. UBS Group cut their target price on Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.16.

Inter & Co. Inc. Trading Up 7.2%

The stock’s 50-day moving average price is $5.47 and its 200 day moving average price is $6.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $3.10 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.28 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data 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 return on equity of 14.94% and a net margin of 11.23%.The company had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. On average, sell-side analysts expect that Inter & Co. Inc. will post 0.75 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

Several large investors have recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new position in shares of Inter & Co. Inc. in the second quarter worth $610,000. Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new stake in Inter & Co. Inc. during the 2nd quarter worth about $13,267,000. Headlands Technologies LLC increased its holdings in shares of Inter & Co. Inc. by 571.4% in the second quarter. Headlands Technologies LLC now owns 216,603 shares of the company’s stock valued at $1,176,000 after purchasing an additional 184,340 shares during the period. Wellington Management Group LLP raised its stake in shares of Inter & Co. Inc. by 16.2% in the second quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock worth $35,147,000 after purchasing an additional 904,682 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Inter & Co. Inc. during the second quarter worth about $370,000. 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 banking and commerce ecosystem serving customers primarily in Brazil. The company provides financial products through a mobile application designed to bring banking, payments and other consumer services together in one platform.

Its offerings include digital checking accounts, payment services, credit cards, personal and payroll loans, mortgages, insurance, foreign-exchange services and investment products.