Inter & Co. Inc. (NASDAQ:INTR) Receives $9.16 Average PT from Brokerages

Inter & Co. Inc. (NASDAQ:INTR) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.16.

A number of equities research analysts have issued reports on INTR shares. Weiss Ratings cut Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. UBS Group dropped their price objective on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating on the stock in a report on Tuesday, August 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. SPX Gestao de Recursos Ltda lifted its position in Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after purchasing an additional 3,676,696 shares during the period. Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new position in shares of Inter & Co. Inc. during the 2nd quarter valued at $13,267,000. William Blair Investment Management LLC increased its position in shares of Inter & Co. Inc. by 60.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after purchasing an additional 2,110,861 shares during the period. Wellington Management Group LLP raised its stake in shares of Inter & Co. Inc. by 16.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,472,694 shares of the company’s stock worth $35,147,000 after buying an additional 904,682 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Inter & Co. Inc. by 84.3% in the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock worth $11,849,000 after buying an additional 680,958 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Up 0.2%

NASDAQ:INTR opened at $5.45 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $5.51 and a 200-day moving average of $6.47. The firm has a market capitalization of $2.41 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. Inter & Co. Inc. has a 52 week low of $5.04 and a 52 week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (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 business had revenue of $475.45 million for the quarter, compared to the consensus estimate of $513.31 million. Analysts predict that Inter & Co. Inc. will post 0.75 EPS for the current year.

Inter & Co. Inc. Company Profile

Inter & Co, Inc is a financial technology company that operates a digital banking and commerce platform primarily serving customers in Brazil. Through its Inter brand, the company offers financial services through a mobile application designed to combine banking, payments and other consumer services in a single platform.

Its products and services include digital checking accounts, payment cards, personal and business lending, investment products, insurance, foreign-exchange services and payment solutions.