Inter & Co. Inc. (NASDAQ:INTR) Sets New 12-Month High – What’s Next?

Inter & Co. Inc. (NASDAQ:INTR)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $9.66 and last traded at $9.6450, with a volume of 35945 shares traded. The stock had previously closed at $9.61.

Analyst Upgrades and Downgrades

A number of research firms have commented on INTR. The Goldman Sachs Group lifted their target price on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group boosted their price objective on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings downgraded shares of Inter & Co. Inc. from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.90.

Inter & Co. Inc. Stock Performance

The firm has a market cap of $4.24 billion, a PE ratio of 21.34, a PEG ratio of 0.45 and a beta of 1.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06. The firm’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $7.76.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $365.45 million for the quarter, compared to analysts’ expectations of $2.04 billion. Inter & Co. Inc. had a net margin of 12.55% and a return on equity of 11.85%. On average, research analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of INTR. Allspring Global Investments Holdings LLC raised its holdings in shares of Inter & Co. Inc. by 93.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company’s stock worth $170,000 after buying an additional 14,971 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Inter & Co. Inc. during the second quarter worth $843,000. Harbour Capital Advisors LLC purchased a new position in shares of Inter & Co. Inc. during the second quarter worth $385,000. William Blair Investment Management LLC purchased a new position in shares of Inter & Co. Inc. during the second quarter worth $12,393,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Inter & Co. Inc. by 65.8% during the second quarter. Public Employees Retirement System of Ohio now owns 63,000 shares of the company’s stock worth $468,000 after purchasing an additional 25,000 shares during the last quarter. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Company Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.