Inter & Co. Inc. (NASDAQ:INTR) Upgraded at Wall Street Zen

Inter & Co. Inc. (NASDAQ:INTR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Itau BBA Securities cut Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $11.00 to $10.00 in a research note on Wednesday, November 19th. Finally, UBS Group restated a “buy” rating and set a $12.00 price target on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Inter & Co. Inc. has a consensus rating of “Hold” and a consensus price target of $9.00.

Inter & Co. Inc. Trading Down 2.7%

Shares of INTR opened at $8.02 on Friday. The firm’s 50 day simple moving average is $8.84 and its 200 day simple moving average is $8.81. The company has a market capitalization of $3.53 billion, a P/E ratio of 14.85, a P/E/G ratio of 0.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. Inter & Co. Inc. has a 1-year low of $4.86 and a 1-year high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. The business had revenue of $404.31 million during the quarter, compared to analyst estimates of $441.78 million. Sell-side analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Several institutional investors have recently added to or reduced their stakes in INTR. Caitong International Asset Management Co. Ltd grew its holdings in Inter & Co. Inc. by 27,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,288 shares of the company’s stock worth $113,000 after acquiring an additional 13,240 shares during the last quarter. XTX Topco Ltd increased its position in shares of Inter & Co. Inc. by 40.7% in the fourth quarter. XTX Topco Ltd now owns 169,965 shares of the company’s stock valued at $1,441,000 after acquiring an additional 49,145 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Inter & Co. Inc. by 36.6% during the fourth quarter. Voloridge Investment Management LLC now owns 897,707 shares of the company’s stock valued at $7,613,000 after acquiring an additional 240,693 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. boosted its holdings in shares of Inter & Co. Inc. by 6.0% during the fourth quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,253,452 shares of the company’s stock worth $53,029,000 after purchasing an additional 356,671 shares during the period. Finally, Millennium Management LLC lifted its holdings in Inter & Co. Inc. by 25.1% in the 4th quarter. Millennium Management LLC now owns 1,741,713 shares of the company’s stock worth $14,770,000 after buying an additional 349,091 shares during the period. Hedge funds and other institutional investors own 22.90% of the company’s stock.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.