Inter & Co. Inc. (NASDAQ:INTR) Sees Strong Trading Volume – Here’s What Happened

Inter & Co. Inc. (NASDAQ:INTR) saw unusually-high trading volume on Wednesday. 5,777,965 shares changed hands during 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.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. Zacks Research cut shares of Inter & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Friday, October 9th. JPMorgan Chase & Co. raised their price target on Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, The Goldman Sachs Group set a $9.00 price target on shares of Inter & Co. Inc. in a report on Thursday. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Inter & Co. Inc. has an average rating of “Hold” and an average target price of $9.30.

Inter & Co. Inc. Price Performance

The stock has a fifty day moving average price of $5.86 and a 200-day moving average price of $6.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $1.84 billion, a PE ratio of 6.23, a P/E/G ratio of 0.20 and a beta of 0.94.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share 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. Sell-side analysts forecast that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Inter & Co. Inc. in the 3rd quarter valued at $26,000. Sage Investment Counsel LLC raised its holdings in Inter & Co. Inc. by 66.7% during the third 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 last quarter. Wedbush Securities Inc. acquired a new stake in shares of Inter & Co. Inc. in the third quarter valued at approximately $179,000. Ramsey Quantitative Systems purchased a new position in shares of Inter & Co. Inc. during the 3rd quarter worth $91,000. Finally, Sanders Morris Harris LLC purchased a new stake in Inter & Co. Inc. during the third quarter valued at about $82,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co. Inc. Company Profile

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.